Home Sale Capital Gains Selling a home, moving to a new area and buying a business or company has become a lot easier, and maybe more profitable. With tax free profits, you can now buy that business you have been wanting to.
Relocation makes more sense than ever before.
A big change has taken place, and many homeowners don't know about it yet. For most, the change is good news. The Taxpayer Relief Act of 1997 was played up in the press for the debate over tax credits for children. But there's more. This new rule took effect for sales after May 17, 1997.