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<p>[QUOTE=&quot;Hommer, post: 2167386, member: 73266&quot;]If I remember correctly,&nbsp; you only have to pay taxes on capital gains if you don&#039;t reinvest them. I believe you have 2 years to reinvest before you have to pay the taxes.&nbsp; Capital gains aren&#039;t like profit as in a business,&nbsp; taxes on profits are due each year but you file those as a sole proprietor as a business owner. If you are an individual reinvesting capital gains, upgrades to your home are concidered investment as are other purchases that are not concidered consumables but investments. Art is an investment.[/QUOTE]</p><p><br /></p>

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