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Since I bought my house 12 years ago, I have added about $20,000 in permanent improvements which count toward the cost basis. I am about to sell it for a $60,000 profit. Also since 12 years ago, the tax exemption on capital gains on a house sale has risen to $500,000 for married couples. Do I have any reason to continue to track my house basis? Will any of it come up for any reason anymore? Can I just throw all my receipts and records of the improvments away? --Niel [EMAIL PROTECTED]
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