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By Carol in Bellingham, WA on 11/10/2008


My husband and I took early retirement and are building a large ICF house.  We are doing all the work ourselves. 

Now after 5 1/2 years of hard work for two not-youngsters, it occurs to me that we may have to pay capital gains on all the profit (sales price minus expenses) if we are forced to sell it as soon as it's finished.  This was not the original plan, but recent events have changed our thinking about the future.

How can we put a value on and get credit for all the work?  The house certainly did not build itself!

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