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Life After Brown
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<blockquote data-quote="Operational needs" data-source="post: 3716442" data-attributes="member: 43500"><p>These state governments are crazy. I was talking to my sister yesterday who bought a duplex in Encinitas, CA years ago. I know it’s worth over a million now and she wants to sell it for retirement, but can’t. CA has no capital gains and all money she makes on a sale would be taxable as income. She said she’d be better off to continue renting it.</p></blockquote><p></p>
[QUOTE="Operational needs, post: 3716442, member: 43500"] These state governments are crazy. I was talking to my sister yesterday who bought a duplex in Encinitas, CA years ago. I know it’s worth over a million now and she wants to sell it for retirement, but can’t. CA has no capital gains and all money she makes on a sale would be taxable as income. She said she’d be better off to continue renting it. [/QUOTE]
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