Accredited Investor Help

[mauricekenter]

So I want to become an accredited investor in the "eyes of the government" in order to become partner with a group I will be working for. Basically I need to make $200,00 gross per year for 2 consecutive years in order to accomplish this.

My question is this: I am selling my home, which I have lived in for the last 3 years as my primary residence, and should make around $25,000 on top of what I bought it for. Will this additional amount be included in my gross income for the year? I am basically attempting to determine how much I need to work this year (paid hourly) in order to obtain my goal of making $200,000 this year, and I am curious if the selling of my house will offset this.

Thanks for your help!

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[krl7044]

http://en.wikipedia.org/wiki/Accredited_investor

"earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year"

The profit on your primary residence is not part of your income.