Fix The Tax Code Friday: Capital Gains Exclusion
2007 March 16
I’ve received a number of queries about the capital gains exclusion for the sale of a personal residence (more on that next week). But it made me start thinking about the policy reason for exempting gain and why a limit would be imposed. So, I’m curious to hear what you think. Today’s Fix the Tax Code Friday question is:
Should there be a limit on the amount of gain that you can exempt from the sale of your personal residence?
