Burnsville Lake Topics: Pleasure Cost per Sq. Ft.

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	Name:	ridgeman -
	Subject:	Pleasure Cost per Sq. Ft.
	Date:	8/17/2006 6:57:46 PM

FEB I BELIEVE THAT WOULD BE A FAIR AMOUNT.
IF I WOULD MULTIPLY THE 2500 BY MY WATER FRONT FOOTAGE IT WOULD BE ABOUT RIGHT.

QUESTION FOR ANYONE?
WHAT IS THE TAX LAW FOR CAPITAL GAINS FOR A HOUSE YOU HAVE,
BUT NOT LIVED IN FOR THE TWO YEAR RULE, AND WOULD SELL THE HOUSE. I HAVE HEARDTHAT IF YOU REINVEST WHAT YOU MADE ON THE SELL THAT YOU WOULD NOT HAVE TO PAY THE CAPITAL GAINS TAX. CAN ANYONE HELP?
THANKS IN ADVANCE