Quote:
Originally Posted by Fredman
Appreciation is great but if you sell it you will have to pay capital gains on the difference of the depreciated value of the house and the selling price. Uncle Sam always wins. Look before you leap
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Correct, at the capital gains rate, that goes without saying and all profit is taxable in one way or the other, no need to look before you leap, just understand the longstanding tax laws of our country before you invest in anything.