News for hackers. Stuff that matters.

A comment on We are publishing the tax secrets of the .001%. Parent comment

Re:We are publishing the tax secrets of the .001% by alex_young on Tuesday June 08, 2021 @05:19PM (#27440995)
You can sell a house every 2 years and write off up to $500k in capital gains as long as it’s been your primary residence for 2 of the last 5 years. Doesn’t need to be consecutive.
[ Parent | on HN ]
Re:We are publishing the tax secrets of the .001% by MR4D on Wednesday June 09, 2021 @07:12AM (#27446561)
Sure, but you have to stomach the 6% commission you’re paying to the brokers, which really limits this situation to transitory market conditions instead of a get rich quick strategy.
[ Parent | on HN ]