Re: House Improvements/Basis/Tax

In article <[EMAIL PROTECTED]>,
v <[EMAIL PROTECTED]> wrote:
>On 1 Dec 2003 17:09:20 -0800, someone wrote:
>
>>Do I have any reason to continue to track my house basis?
>
>Perhaps to "be prepared".  Who knows what the tax law in the US will
>be 10 or 20 years down the road.  Under current conditions, most
>people will never pay a capital gain on a sale of their house.  SO
>can't show you a specific need now, only that this could be a "who
>knows" in the future.


Maybe he ends up selling the house for much more than the capital gains
tax.


Dimitri