Re:Trends in the San Francisco (mostly dog?) poop crisis
by jackfoxy on Friday November 22, 2019 @06:14PM
(#21611116)
Not just prop 13, but the capital gains part of the tax code.
Used to be you could sell your house for more than you paid and have 2 years to roll it into buying a new house for the same or more money. Now the difference is taxable capital gains regardless of what your new living situation becomes.
Used to be you could sell your house for more than you paid and have 2 years to roll it into buying a new house for the same or more money. Now the difference is taxable capital gains regardless of what your new living situation becomes.
IIRC this changed about 20 years ago.