Former school board president, Boy Scout council president, and tax lawyer Dewey Watson and I put together a little brochure on this issue a couple of years ago--if you're lucky enough to have a million dollars or more in appreciation on your long-held home, how might you defer paying the capital gains taxes on the home?
This story, from colleague James Callejas at Fidelity Title's qualified intermediary, IPX, does a really nice job of laying out the tax-saving strategy.
Contact him, me, Dewey, or your tax advisor for more information--
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