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From: sarwate@uicsl.UUCP
Newsgroups: net.invest
Subject: Re: Mortgage Down Payments and Good Inv
Message-ID: <10800002@uicsl>
Date: Fri, 22-Nov-85 10:13:00 EST
Article-I.D.: uicsl.10800002
Posted: Fri Nov 22 10:13:00 1985
Date-Received: Sun, 24-Nov-85 05:56:56 EST
References: <1439@decwrl.UUCP>
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Nf-ID: #R:decwrl.UUCP:1439:uicsl:10800002:000:531
Nf-From: uicsl.UUCP!sarwate    Nov 22 09:13:00 1985


In buying and selling a home, the tax on the capital gain is deferred if your
new home COSTS more than your old home.  There are various technicalities which
adjust the various prices involved, and the new home must be purchased within
a certain time period of selling your old home.  Note, however, that it is
NOT NECESSARY to invest all the money obtained from the sale of your old home
into your new home in order to qualify for tax deferral.

					Dilip V. Sarwate
					ihnp4!uiucdcs!uicsl!sarwate
					sarwate%uicsl@uiuc.arpa