Posts Tagged ‘capital gains tax’

Selling house less than 2yrs, will be purchasing a bigger house with the profit. Will I get taxed.?

Sunday, August 8th, 2010

I have lived in my house for 1.25yrs and in the process of selling it. Will I have to pay the capital gains tax if I am going to put the profit that is made from my old house into a bigger and more expensive house?
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Do you have to pay taxes on the profit made when selling a house?

Sunday, August 2nd, 2009

If you purchased a house for 200K three years ago and now the house sells for 275k, do you have to pay taxes on the 75K gain?
Does the capital gains tax apply?

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Technorati Tags: capital gains tax

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