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Old 06-26-2008, 12:03 PM   #10
st.cronin
General Manager
 
Join Date: Oct 2004
Location: New Mexico
JK: 750K is exempt. So if you sell your house for a million dollars, 250K gets taxed. If you sell your house for 800K, 50K gets taxed. 1% of 50K = $500
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