Can I Sell Now

Expert, localized Los Angeles answers provided by Heather Roy

Can I Sell Now
	Dear Edith: I live up North as my primary residence.I purchased a villa in Florida August 2004 as a second residence.I am thinking of selling now. I probably could make some profit but am looking to just end with what I initially put into this investment.If there is no profit is it okay to sell within the two year limit?

	It's always okay to sell whatever you own any time.That's one of the rights of ownership.If you have no profit, you have no capital gains tax to worry about anyhow.And if you're thinking about the homesellers tax break, that wouldn't apply to a secondary residence no matter when you sold.
	Edith Originally published on February 27, 2005

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