Capitol gains tax?
If my wife and I sell our house to buy an RV with the profits and become full timers, are the profits still subject to capitol gains or is the purchase of the RV considered a home?
Forum Discussion
Thanks for this discussion. It raised a concern for me. My wife is terminally ill. My plan was to sell the house and go full time after she is gone. House prices in our area have shot up a lot and we are pushing the $500K limit. If I wait until she passes, I'll have to pay Capital Gains on about $250K because I go from married to single. I'm not sure what to do but thanks for giving me something else to consider.
