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A comment on Why a house is a terrible investment (2013). Parent comment

Re:Why a house is a terrible investment (2013) by DrScump on Sunday April 22, 2018 @09:17PM (#16899797) 

  up to $250,000 of profit is tax-free
You get that exemption once in a lifetime. (If you are married filing together, that's once for both parties.)

If your profit isn't 6 figures, choose this option carefully.

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Re:Why a house is a terrible investment (2013) by meritt on Sunday April 22, 2018 @09:44PM (#16899909)
Under current law, you can take the exclusion every two years: https://www.irs.gov/publications/p523#en_US_2017_publink1000...

Are you referring to the over-55-once-in-a-lifetime exemption that was replaced in 1997 with the introduction of the Taxpayer Relief Act? https://en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

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Re:Why a house is a terrible investment (2013) by sulam on Monday April 23, 2018 @04:39AM (#16901622)
This is incorrect.
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