Dear Liz: I thought I understood about taxes and house sales, but I am now confused. It seems like the previous rules were that home sale profits could be rolled from one house to the next and one would take a one-time exemption for up to $500,000 or so, with capital gains only due on the amount above that amount. …
Read More »Liz Weston: It’s been 30 years since taxes and capital gains rules changed. Some people are still confused
