SIDE THOUGHT - Diet and Taxes

So it is tax time! I have never had to pay taxes before but April 15th is right around the corner and I find myself owing taxes this time around.

UGH! We sold our two family house last year - the tax law says that you don't have to pay taxes on the sale of the house as long as you have resided in that house two of the last 5 years. We fit that description so we had no worries. Well, tax time came and we found out that since half of the two family house was a rental and we did not live in THAT unit, we have to pay tax on that half of the profits from the sale of the house! Whoa! Suddenly we find ourselves with a tax bill of $24,000. Nice.

I guess I don't have to worry about gaining "oh that baby weight" back - I can't afford the food now!