… do that and have a capital gains tax waiver on most of the value of that home. If you want to sell the second residence, they don't. We're working on I co-sponsored a bill that would allow seniors over age 65...to sell that additional residence without taking the capital gains tax penalty if they sell it to a first-time homebuyer. first time home buyer. So we're trying to get new entrants into the market that way. Build that first leg of the wealth you build in your, in your home and then use that as you go beyond working on other things too. (13:00–13:19)
CLAIM
Asserts co-sponsorship of a bill allowing seniors to sell a second residence without capital gains tax penalty if sold to a first-time homebuyer.
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