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A comment on Redfin Is Leaving NAR. Parent comment
A married couple can exclude 500K from taxes, but the rest (given example above) is taxable.
> In any case, the point is that you're in a way better place than if you hadn't made that 200K purchase.
For sure. Owning is better than renting.
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A married couple can exclude 500K from taxes, but the rest (given example above) is taxable.
> In any case, the point is that you're in a way better place than if you hadn't made that 200K purchase.
For sure. Owning is better than renting.