Posts Tagged ‘capitol gains’

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

Claiming the home selling exemption when you sale a house?

Friday, June 19th, 2009

I sold a house in 2005 and claim the house selling exemption for my capitol gains and that time I was single. I got married in 2006 and before I got married my spouse sold her house and made a profit on it. We are now filing a joint return. Can we claim the capitol [...]