Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 1 of 9 · from the scan, no model involved
Moving expenses have been increased to $3,000 for the sale, purchase or lease of a residence when a person’s job change requires that person to travel an increase of 35 miles in distance over what was being traveled previously. Temporary housing costs allowed for house-hunting have been increased to $1,500.
Older people (where one spouse is 65 or over) who sell their residence are now allowed to exclude all gain if the selling price is under $35,000. Above that, part is taxed - see your accountant for the formula.
A major change has been made on the sale of long term capital gains, as real estate. Holding period for long term gains in 1977 will be 9 months
86.5%