Posts Tagged ‘capital gains tax’

When can you sell a house you inherited without paying capital gains?

Monday, September 12th, 2011

I inherited a house in August. I want to sell it ASAP, how long after the individual’s death do I have to wait as I don’t want to pay capital gains tax. I have heard that after a death capitol gains goes away. Technorati Tags: capital gains tax, capitol gains

I lost my job. Had to sell the house to pay debt. Is their any way to be exempt from the capital gains tax?

Tuesday, January 25th, 2011

I lost my job and had to sell my house to pay off debt after only a 1.5 years of living there. I still have not found employment and want to know if there is any way to avoid the capital gains tax as I have no money to pay it. Technorati Tags: capital gains [...]

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? Technorati Tags: capital gains tax

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? Technorati Tags: capital gains tax