Save for a Home or Save for Retirement? - 389
Your Money, Your Wealth
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How Much Capital Gains Do You Have to Pay?
Homes tend to appreciate overtime your living. The coasts tend to appreciate more than the centre of the country. Depreciation means you can write off a piece of the property each n every year to reduce your taxes. Whatever gain you would had just roll s into the next property, and you'll pay the gain on the old property plus the gains on the new property at the time that you sell that. If you never sell, if you pass away with it, it gets stepped up to the next generation, and no one pays the tax.
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