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First Time Buyers Win – Second Home Conversions Lose

August 4, 2008
I’ve been in real estate for 20 years and I am still confused when new legislation comes out. The bills are so convoluted, I often wonder what it’s got to do with me.

If you’re like me, you’ll like the simplicity of this article on Kiplinger.com.

New Law Adds Tax Breaks for Real Estate – Kiplinger.com

Two noteworthy items: 1) new first time buyer program, 2) second homes may not qualify for the $500K exemption

Good to know!

As always, check with your CPA before making a move.

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