Story thread · 3 reports / 2 sources

The Beach Condo Bought for $110,000 in 1998 Sold for $640,000. There’s No Exclusion on a Second Home, and Medicare’s Bill Comes Two Years Later.

247wallst.com · 6dShare

They tracked every summer rental, every repair, every carrying cost on that beach condo for nearly three decades. What they never tracked was the Medicare bill that showed up two years after closing.

First report: The House They Bought for $62,000 in 1984 Sold for $890,000. The Tax Exclusion Stopped at $500,000. Medicare’s Bill Started There. — 247wallst.com, 8d