Ann Marie Mitchell
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Starker Exchanges: A Very Useful Tax Tool
Nobody wants to pay tax when they sell their investment real estate.. If
you sell your principal residence, and have lived there for two out of the
past five years before it is sold, you can completely exclude up to
$250,000 of any gain you have made ($500,000 if you are married and file a
joint return).

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Ann Marie Mitchell, Coldwell Banker Schmidt Realtors
231.256.9836 (office) / 231.271.4749 (home)
208 N Main St, PO Box 158 • Leland MI 49654
Fax: 231.256.9695 / Cell: 231.642.5454
E-mail: annmarie@annmariemitchell.com

© 2006 Ann Marie Mitchell. all rights reserved.