Reported about 1 year ago
An article discusses a couple in Washington planning to sell their home for $1.4 million and move to California. They inquire about tax breaks as they are both over 65. The article explains federal capital-gains taxes, potential tax breaks in California for seniors, and advises on navigating state taxes and potential incentives. It notes the importance of expert advice and the benefits of being close to family despite tax considerations.
Source: YAHOO