Reply To: Taxable gain on sale of formerly rented house?

Home Fairmark Forum Taxation of Investments Taxable gain on sale of formerly rented house? Reply To: Taxable gain on sale of formerly rented house?

#3657
snargle
Participant

“Do you agree that since the maximum exclusion (250K) and gain (400K – 125K) = 275K are “similar,” the end results will also be “similar” so there won’t be a major change in the end result?” asks kaneohe.

Yeah, but even though the answers will be “similar” I would point out that one of the answers would be correct, while the other one would not be. Sorta like, they would be distinctly *unsimilar* in that regard… 🙂