Huntley Montana | That is the "loophole" .. But if you have 40-50 houses being built it would be easy to hid a lot of the "labor" expense in the other houses & just show the materials as your "basis" in the house you lived in the last 2 years, because you "built it in your spare time". Or Just build a house every 2 years by your self & be able to get $500000 every 2 years tax free income. Or you just have a "live in" & you do a House a year & show that it was the primary for 1 of you for 2 years & get $250000 tax free every year with a partner. But Trumps Taxes are so complex that VERY Few people will EVER understand them. I would not want every one who thinks they are a "expert" looking at my taxes, I'm sure that 99% of the Experts would find something wrong. A Lot depends on if your Accountant's view of who he is working for |