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Path: utzoo!linus!philabs!cmcl2!seismo!hao!noao!terak!suze
From: suze@terak.UUCP (Suzanne Barnett)
Newsgroups: net.invest
Subject: Re: Re: Mortgage Down Payments and Good Investments
Message-ID: <886@terak.UUCP>
Date: Mon, 18-Nov-85 13:48:16 EST
Article-I.D.: terak.886
Posted: Mon Nov 18 13:48:16 1985
Date-Received: Thu, 21-Nov-85 21:47:06 EST
References: <1439@decwrl.UUCP> <20@pixdoc.UUCP>
Organization: Calcomp Display Products Division, Scottsdale, AZ, USA
Lines: 23

> In <1439@decwrl.UUCP>, marks@yogi.DEC asks (paraphrase):
> 
> 	How much of the profit from the sale of my old house should
> 	I put down towards my new house, and how much should I invest
> 	elsewhere, and where should I invest it?
> 
> Also, if you don't invest your profits in a new home, I believe you
> have to pay capital gains tax on them.  Of course, there may be ways
> around that, I don't know.
> 
I believe that one simply has to buy a home costing as much as
or more than the sale price of the one that was sold. I don't
think the cash realized has to be invested in the new home. I
could, however, be wrong.
-- 
**************************************************************
Suzanne Barnett-Scott

uucp:	 ...{decvax,ihnp4,noao,savax,seismo}!terak!suze
phone:	 (602) 998-4800
us mail: CalComp/Sanders Display Products Division
	 (Formerly Terak Corporation)
	 14151 N 76th street, Scottsdale, AZ 85260