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If you`ve been in your house for a long time, you might have paid a good portion toward the principal. How to report capital gain distributions depends on whether you have any other capital gains or losses. Home About Contact Advertise FAQ Links News Press Services Product Directory Copyright 2006 Philippine American Chamber of Commerce of Boca Raton and the Palm Beaches, Inc. It seems too easy to take the cash, drop it into Emigrant or ING or somesuch.
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