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HR 3648: Changing the Capital Gains Tax Exemption Under Section 121 (Final Update)

By Bill Exeter

Services for Real Estate Pros with Exeter 1031 Exchange Services, LLC President & CEO

January 19, 2008 02:54 PM

Final Update Regarding Proposed Changes to Section 121

I previously posted about a proposed change to Section 121 of the Internal Revenue Code that was included in H.R. 3648 known as the Mortgage Relief Act, and I have a final update and good news regarding this previously pending legislative issue.

Proposed Change to Section 121 Deleted From Bill

The proposed change to Section 121 that was included in the Mortgage Relief Act (H.R. 3648) has been DELETED from the bill and there are no pending changes to Section 121 of the IRC!

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Libby Cousins

Extraordinary Processing - Spokane, WA

Contract Mortgage Processor, licensed in WA

Yea! Thanks for the update!

Jan 19, 2008 02:58 PM

Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Thank you

Jan 19, 2008 03:13 PM

Bill Exeter

Exeter 1031 Exchange Services, LLC - San Diego, CA

1031 Tax-Deferred Exchange Expert

I wanted to post an update to this blog post. Changes to Section 121 were included in the Housing and Economic Recovery Act of 2008. You can read the changes here: http://www.exeter1031.com/article_changes_to_section_121.aspx.

Aug 17, 2008 03:40 PM

HR 3648: Changing the Capital Gains Tax Exemption Under Section 121 (Final Update)

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