street
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- Joined
- Nov 30, 2016
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- 9,535
If my son sold his house that he has lived in for 8 years would there be any capital gain tax for him if sold for more then what he paid for it originally? Or any tax requirements if he bought a house right away to live in?
At one time you had 2 years to buy another home before you were required to pay capital gains when selling a home.
Can someone help clarify what the law states for selling a home that you lived in to buy another home that you would live in also??
At one time you had 2 years to buy another home before you were required to pay capital gains when selling a home.
Can someone help clarify what the law states for selling a home that you lived in to buy another home that you would live in also??