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To: DB

Didn't he already owe for a capital gain when he won it? How are winnings such as this taxed, as regular income or as a capital gain?


14 posted on 09/11/2006 6:02:59 AM PDT by tiki
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To: tiki

He'll owe regular income taxes on the winning of the home, and capital gains taxes on the selling of the home. IOW, net zero left.........


23 posted on 09/11/2006 6:07:11 AM PDT by Red Badger (Is Castro dead yet?........)
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