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Money and Finances
Reply to "sell as-is vs renovate"
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[quote=Anonymous]RE: the $500k exemption expiring on capital gains from the house sale, you will still have $250k. Since you still have a $300k mortgage, I'll assume you bought the house at $400k, so if you sell it, you can net $650k without owing any tax. This means don't worry about missing out on the $500k capital gains exemption. Take that worry off of your plate. [/quote]
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