Quote:
Originally Posted by unit
hmm interesting... i didnt know there was a lifetime cap gains exemption which im assuming that you're talking about... just looked it up, thanks.
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i didn't even bring that into consideration, as you're only eligible for it once in life.
utilizing that (is it $750K nowadays?), you'd have $250K taxable at 20$, or $50K, so you'd net $950K out of $1M gain.
big difference!