In 1971, Warren Buffett Paid $150,000 For A Beach House In California. When It Came Time To Sell, He May Have Owed The Government As Much As $2.7 Million. Here's What You Need To Know Before You Sell Your Vacation Home.

In 1971, Warren Buffett Paid $150,000 For A Beach House In California. When It Came Time To Sell, He May Have Owed The Government As Much As $2.7 Million. Here's What You Need To Know Before You Sell Your Vacation Home.

Warren Buffett bought a California beach house for $150,000 and held it for decades, only to face a tax bill that dwarfs what most people pay for a home. What happened to that gain reveals a trap hiding inside nearly every vacation property in America.

In 1971, Warren Buffett Paid $150,000 For A Beach House In California. When It Came Time To Sell, He May Have Owed The Government As Much As $2.7 Million. Here’s What You Need To Know Before You Sell Your Vacation Home

The post In 1971, Warren Buffett Paid $150,000 For A Beach House In California. When It Came Time To Sell, He May Have Owed The Government As Much As $2.7 Million. Here’s What You Need To Know Before You Sell Your Vacation Home. appeared first on 24/7 Wall St.. In 1971, Warren Buffett paid…