Rob, I fear this is not very informative. If there is a CPA in the house h could comment. For instance, the 1202 exclusion (50% of gains excluded ) applies up to $10 MM per year. The new 5% cap gains on 5 years property, I have not looked in the details and any "ceiling" it might have, all my 5 years gains are taken under 1202, I have no five years gains in normal equities.... The point I was trying to make is that a good chunk of people here might have 5 years gains and it would be a good idea to use the window of extremely lenient taxation on these, since what the government gives it can easily take away in the future.