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<p>[QUOTE=&quot;Hommer, post: 2167772, member: 73266&quot;]This post Is confusing.&nbsp; You make a statement that a sentance is completely wrong and then say it is right?</p><p><br /></p><p><i>1) Wrong. &quot;If I remember correctly, you only have to pay taxes on capital gains if you don&#039;t reinvest them. I believe youhave 2 years to reinvest before youhave to pay the taxes.&quot;</i></p><p><br /></p><p>I actually used this rule once, but it may be different now as the laws change each year. I sold a home and boat and bought a business with the profit. </p><p><br /></p><p><i>2) wrong.</i> &quot; Capital gains aren&#039;t likeprofit as in a business, taxes on profits are due each year but you file those as sole proprietor as a business owner.</p><p><i><br /></i></p><p><i>1) &#039;Capital gains aren&#039;t like profit as in a business&#039; correct2) &quot; taxes on profits are due each yearbut you file those as a sole proprietoras a business owner&quot; kinda correct, </i>[/QUOTE]</p><p><br /></p>

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