??? about Realestate sale(not car Related)

[Pantera]

This is not my primary residence. But in that light is there not a one time exclusion for sale of your primary residence? I have held on to it the last 15 years planing on the sale of it to avoid the fact it may be worth a full 1/3rd more than I paid for it back in '89 when propery was cheaper. I was going to wait until I was retired and over 65 before I sold it. It may be worth as much as 4 times what the rentals are worth.


I appreciate your inpuit. Can you tell me what the amount would be on one of these houses if it was a $100,000 outright sale? I know it depends on my income bracket.

Thanks

Pantera