About Jim D. Ray Expertise Jim Ray is coordinator of a regional venture capital network, serving entrepreneurs and investors seeking funding relationships. Ray is an experienced entrepreneur and is presently involved in the operations of several business concepts, including a national commercial real estate company and a web design firm. Areas of expertise include the overall startup funding process; writing venture capital proposals; and win-win exit strategies for existing private funding relationships.
Expert: Jim D. Ray Date: 11/11/2006 Subject: Capital Gains
Question We bought a home in Florida a year ago and are going to sell it and move back to Iowa this spring. Will we get penalized with capital gains?
Answer Tuesday, November 21, 2006
11:25 PM CST
Hello, Billye Jo:
Yes.
Billye Jo, I hope this points you in the right direction. Should you think of other questions or need further guidance, please feel welcome to write me again at any time.
