Posted by taxguru on February 7, 2005
Tax-Free Home Sale Combinations – Thanks to TaxProf Paul Caron for the lead on this summary of ways in which to use 1031 exchanges and the Section 121 up to $250,000 per person tax free home sale rules to save a lot of tax money. The serial home selling strategy of moving into rental properties and then selling them each two years has been a popular technique to legally avoid capital gains on residential properties for almost eight years now.
BUSH BUDGET DIRECTOR BRAGS OF SHIFTING TAX BURDEN TO RICH – We must be in some kind of time warp here. This is the kind of thing that Clinton and his Marxist gang loved to brag about. It’s not very logical coming from a capitalist President.
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Tax Guru - Ker$tetter Letter 