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In reply to the discussion: We are selling our home and it's a seller's market right now: Big demand, little supply. [View all]

WhiteTara

(31,088 posts)
1. I know that if you as a single person (I am) you
Reply to CTyankee (Original post)
Fri Oct 3, 2025, 02:59 PM
Friday

pay taxes on more than $250,000. I'm not sure of the tax exposure for a married couple. This is from our CPA

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We are selling our home and it's a seller's market right now: Big demand, little supply. [View all] CTyankee Friday OP
I know that if you as a single person (I am) you WhiteTara Friday #1
Do we get a break on account of our ages (mid 80s)? CTyankee Friday #2
I'm not sure about that we are both in 70's - 80s WhiteTara Friday #3
No. Thunderbeast Friday #7
$500,000 Thunderbeast Friday #6
the capital improvements are WhiteTara Friday #8
No... Thunderbeast Friday #9
thank you WhiteTara Friday #10
Taxes are what we pay for the services provided by government. Legitimate taxes are the type of tax Wonder Why Friday #4
Yes, of course. we pay our taxes on gains and are pretty lucky. We get a comfortable place to live and are secure. CTyankee Friday #5
Latest Discussions»The DU Lounge»We are selling our home a...»Reply #1
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