26 U.S.C. §121 capital gain

Under 26 U.S.C. §121 an individual can exclude up to $250K of capital gains on the sale of real estate property.

Does this law was introduced by Bush and has sunset date 1/1/2011? If this is true, then people will try to sell their houses before this date. In other words after 1/1/2011 the price of houses should go up.

By bobjohn | 03/06/2009 11:40 PM