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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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July 12, 1996

WHEN SHOULD YOU TAKE THAT CAPITAL GAINS EXCLUSION?

By TOM KELLY
The Real Estate Advisor

Folks seem to be using the first warm hint of summer thinking about their nestegg. Many persons 55 years of age and older count on receiving the one-time, $125,000 capital-gains tax exclusion on the sale of their principal residence. For some homeowners, the equity protected by the exclusion is an essential component of retirement planning. And it can be taken at an earlier age than most pension plans.


 
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