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Re: Gibson raidedThere are "loopholes" that a financial adviser or estate planning attorney coulda/shoulda suggested to your Aunt. Folks who pay "full price" at the taxman's cage needed advice and counsel at least 3 to 5 years earlier (and then followed that advice). I'm sorry to hear she's taking such a big hit. Is this income tax on the profit from the sale of a primary residence, or is it capital gains on a second residence, vacation property, etc?
Re: Gibson raided
There are "loopholes" that a financial adviser or estate planning attorney coulda/shoulda suggested to your Aunt. Folks who pay "full price" at the taxman's cage needed advice and counsel at least 3 to 5 years earlier (and then followed that advice). I'm sorry to hear she's taking such a big hit. Is this income tax on the profit from the sale of a primary residence, or is it capital gains on a second residence, vacation property, etc?
