New tax laws for 2009

[cashflow]

I just realized that the tax law for selling RE is changing in ’09. I don’t however understand all implications of this (will be calling our tax guy tomorrow).

However in the meantime, anyone else on here look into this? I guess it was included in the housing bill. For any properties bought starting in 2009, if you go to sell primary residence it is now taxed at a percentage?!?

[Eugene]

I think there was a change that makes you pay tax on the sale of a RE property if it was an investment property for any period of time. The tax is proportional to the duration of the period it was an investment property. Before, you could keep a rental property for 10 years, move in, live in it 2 years as a primary residence, and then sell with no tax consequences. I may be wrong.

[Eugene]

I think there was a change that makes you pay tax on the sale of a RE property if it was an investment property for any period of time. The tax is proportional to the duration of the period it was an investment property. Before, you could keep a rental property for 10 years, move in, live in it 2 years as a primary residence, and then sell with no tax consequences. I may be wrong.

[Eugene]

I think there was a change that makes you pay tax on the sale of a RE property if it was an investment property for any period of time. The tax is proportional to the duration of the period it was an investment property. Before, you could keep a rental property for 10 years, move in, live in it 2 years as a primary residence, and then sell with no tax consequences. I may be wrong.

[Eugene]

I think there was a change that makes you pay tax on the sale of a RE property if it was an investment property for any period of time. The tax is proportional to the duration of the period it was an investment property. Before, you could keep a rental property for 10 years, move in, live in it 2 years as a primary residence, and then sell with no tax consequences. I may be wrong.

[Eugene]

I think there was a change that makes you pay tax on the sale of a RE property if it was an investment property for any period of time. The tax is proportional to the duration of the period it was an investment property. Before, you could keep a rental property for 10 years, move in, live in it 2 years as a primary residence, and then sell with no tax consequences. I may be wrong.

[Veritas]

I think it might also apply to vacation homes if they are rented out.

[Veritas]

I think it might also apply to vacation homes if they are rented out.

[Veritas]

I think it might also apply to vacation homes if they are rented out.

[Veritas]

I think it might also apply to vacation homes if they are rented out.

[Veritas]

I think it might also apply to vacation homes if they are rented out.

[SD Realtor]

I think that within the next two years you will see a major change in the tax laws regarding the sale of your primary residence.

My advice would be… watch out.

[SD Realtor]

I think that within the next two years you will see a major change in the tax laws regarding the sale of your primary residence.

My advice would be… watch out.

[SD Realtor]

I think that within the next two years you will see a major change in the tax laws regarding the sale of your primary residence.

My advice would be… watch out.

[SD Realtor]

I think that within the next two years you will see a major change in the tax laws regarding the sale of your primary residence.

My advice would be… watch out.

[Author]

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