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Undertoad · 10-07-2004, 02:32 PM

It's the difference, but due to inflation that difference is large on items held for a long time... say, in a plan for retirement (as opposed to a retirement plan ala 401k which is something else entirely).

My house has appreciated in value since I bought it, but that doesn't really help me day-to-day, unless/until I get some money out of it.

I don't know from what numbers these things make for, but every homeowner faces that fact whether they realize it or not, and I'll guess that 98% of family farms have turned over in the last 50 years.

I haven't looked at the rules in a long time so I may be rusty on some of this...

10-07-2004, 02:32 PM	#7
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	It's the difference, but due to inflation that difference is large on items held for a long time... say, in a plan for retirement (as opposed to a retirement plan ala 401k which is something else entirely). My house has appreciated in value since I bought it, but that doesn't really help me day-to-day, unless/until I get some money out of it. I don't know from what numbers these things make for, but every homeowner faces that fact whether they realize it or not, and I'll guess that 98% of family farms have turned over in the last 50 years. I haven't looked at the rules in a long time so I may be rusty on some of this...