 |
Capital Gains Again |
| |
 |
After selling a home ---how long do you have to buy another residence before you have to pay capital gains? |
| |
| |
 |
You're thinking of an old tax break no longer in existence. If the place has been your main home for at least two of the five years before the sale, you can take up to $250,000 profit with no federal tax due (twice that for married couple filing jointly.) It doesn't matter how old you are or whether you buy a replacement residence. |
| |
|
Edith
Originally published on April 23, 2008 |
| |
| |
|
Back to Summary
|
< Previous | Next > |
| |
|
|
