My blog post on avoiding the capital-gains tax by minimizing your annual income was wrong – the IRS includes your gains as income too (thanks WC!). It leaves home improvements as the best way to reduce the taxable gain – hang onto your receipts:

While I’m on errors and omissions……a while back I said that the agent account costs $1,500 per month. I checked it out more closely and found that they don’t have a standard cost of service – it is based on the agent’s production. The $1,500 was for my 104 sales in the last four years (I didn’t sign up – for that kind of money, I could be driving a brand new Cadillac!).

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