Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site whuxi.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxj!houxm!whuxl!whuxi!dmf From: dmf@whuxi.UUCP Newsgroups: net.invest Subject: REAL ESTATE PROFITS and IRS...HELP Message-ID: <251@whuxi.UUCP> Date: Thu, 10-Jan-85 12:57:33 EST Article-I.D.: whuxi.251 Posted: Thu Jan 10 12:57:33 1985 Date-Received: Sat, 12-Jan-85 01:12:17 EST Sender: dmf@whuxi.UUCP Organization: Bell Labs, Whippany, N.J. Lines: 22 Questions Please: 1. If you buy a fix-up property and physically make it look like your primary residence, what is the least time limit you can keep the house before selling? 2. Are repairs and/or construction on the property deleted off selling price? 3. What rate is the taxable income subject to? Thanks in advance, !whuxi!dmf Donna