Capital Gains Primary Residence Exemption.

do i need a florida driver license to be a resident of florida?
by SteveS on November 30th, 2010 | 2 answers | in Capital Gains Primary Residence Exemption

by Anonymous on December 31st, 1969 | no answers | in

I owned a fixer upper and lived in it 4 several years then sold it. Can I treat that as a sale of my residence even though my homesteaded property was elsewhere? (My homesteaded property is an unliveable fixer upper w/no rental income).
by Happy Lady on September 25th, 2009 | no answers | in Capital Gains Primary Residence Exemption

If property is quit claimed following a death, and then sold as not a primary residence, do capital gains apply?
by Kathy on March 23rd, 2009 | one answer | in Capital Gains Primary Residence Exemption

My mother has been a widow for over 20 years but lived in the same house for 30. Will she have to pay capital gains tax if she sells the house?
by Anonymous on September 9th, 2008 | no answers | in Capital Gains Primary Residence Exemption

My husband and I have lived in a mobile home for 2.5 years. We are buying a new home, and selling this one for $18,000 more than we bought it for. Are we going to have to reinvest the profits to avoid paying capital gain tax?
by Tara Oxley on December 11th, 2007 | one answer | in Capital Gains Primary Residence Exemption

My wife and I own homes in FL and RI with FL as primary residence past 3 yrs. Can she use RI as primary residence (she spends more time there) and I use FL as primary? Both names are on both deeds. Would Capital Gains be due if RI sold after 12/31/07?
by Anonymous on November 15th, 2007 | no answers | in Capital Gains Primary Residence Exemption

My mother is selling her primary residence and purchasing a condo. Since the condo is a lot more expensive than her current home, she will have to sell some stock to make up the difference. Are any capital gains tax exemptions available f
by Anonymous on November 4th, 2007 | no answers | in Capital Gains Primary Residence Exemption

I own a home and 13 acres which is my primary residence. I have a mortgage on the home and 5 acres. I would like to sell part of the 13 acres and put the money towards my mortgage and possibly do some home improvements. Would I owe capital gains?
by Anonymous on August 14th, 2007 | no answers | in Capital Gains Primary Residence Exemption

I have sold my house after using it as my primary for 15 months. I won't get the $250,000 exclusion (since under 2 yrs) but won't I get some sort of CG exclusion based on how many months I did live in the house as a primary resident..
by Anonymous on August 11th, 2007 | 2 answers | in Capital Gains Primary Residence Exemption

I bought a home in 2000 which I lived in for 5 years. Last year I bought a new home and rented the other one out for 1 year, then decided to sell it. Will I have to pay capital gains tax%3
by Therealpepsiboy on August 3rd, 2007 | one answer | in Capital Gains Primary Residence Exemption

My husband died in 2006. Will I still be able to use the full $500,00 capitol gains exclusion when I sell our home?
by Anonymous on July 29th, 2007 | no answers | in Capital Gains Primary Residence Exemption

How much will be taxable on primary resale. I expect to make about 350K profit but this will be reinvested in my next home. I thought one did not owe taxes on one's primary residence. I looked for the answer here but can't find it.
by maggie on June 25th, 2007 | no answers | in Capital Gains Primary Residence Exemption

What exactly is the $250,000 tax break?
by Anonymous on June 13th, 2007 | one answer | in Capital Gains Primary Residence Exemption

How do I show that a residence is my primary residence?
by Anonymous on June 12th, 2007 | 4 answers | in Capital Gains Primary Residence Exemption

I am the only person listed on my title and I am selling my home. It has been my primary residence for the past 8 years. It potential will profit me $150K, do I have to pay capital gains?
by Anonymous on May 29th, 2007 | 2 answers | in Capital Gains Primary Residence Exemption

If I sell part of my 4 acre property which has been my primary residence for 6 years what are the capital gains implications, if I'm keeping the home and just selling fields.
by jeffrey on May 22nd, 2007 | one answer | in Capital Gains Primary Residence Exemption

I've lived in a home for over 2 years as my primary residence and made all the mortgage payments directly to the bank. I've only been on title though for one year. If I sell now will I owe capital gains?
by Anonymous on April 23rd, 2007 | no answers | in Capital Gains Primary Residence Exemption

If I do not meet the 2 out of 5 year capital gain exclusion for selling a home due to an extended overseas assignment, and I had the home rented while I was away, do I owe capital gains if I do se
by Yokie on April 4th, 2007 | no answers | in Capital Gains Primary Residence Exemption

We have occupied both sides of our Duplex for the last "2 of 5" years. We are selling, what are the capital gains concerns?
by Anonymous on March 30th, 2007 | one answer | in Capital Gains Primary Residence Exemption

I lived in my house 23 months which i bought for 295k. I sold it for 440k. Then i bought another house 3 months later. do i have to pay capital gains tax?
by elgavo25 on March 22nd, 2007 | 3 answers | in Capital Gains Primary Residence Exemption

I lived in a home as my principal residence for the first 2 of the last 5 years. For the last 3 years, the home was a rental property before selling it. Can I still avoid the capital gains tax and, if so, how should I deal with the depreciation I took whi
by AB-Answerbot on March 8th, 2007 | one answer | in Capital Gains Primary Residence Exemption

If I take the exclusion of capital gain tax on the sale of my old home this year, can I also take the exclusion again if I sell my new home in the future?
by AB-Answerbot on March 8th, 2007 | one answer | in Capital Gains Primary Residence Exemption

My husband and I both qualify for the time one-time capital gain exemption. We have rented our home in California for the past ten years. Our primary residence is in Florida. Can we waive the two years residence in California and not pay capital gains?
by Anonymous on February 8th, 2007 | no answers | in Capital Gains Primary Residence Exemption

I am selling a building lot and buying a half share in a home that I intend to make my primary residence. What are the Capital Gains on a such a transaction?
by Anonymous on January 25th, 2007 | no answers | in Capital Gains Primary Residence Exemption

What is the capital gains tax I will pay on the sale of my residence if prior to 2 years occupancy?
by Anonymous on December 22nd, 2006 | one answer | in Capital Gains Primary Residence Exemption

What is the california capital gains tax rate applied to the sale of a primary residence after the expemtions are taken? thanks
by marc777 on December 11th, 2006 | one answer | in Capital Gains Primary Residence Exemption

I bought a house for $355,000 in July of 2005. I put $10,000 into this property. I plan on selling this house for $490,000 in January of 2007. Will I have to pay a capital gains tax? This is my primary house.
by Whirly on December 7th, 2006 | 2 answers | in Capital Gains Primary Residence Exemption

How do I avoid paying capital gains tax on the sale of my residence? I have owned the home for 20 years. It is worth a heck lot more than what I paid for it!
by canazz on November 23rd, 2006 | one answer | in Capital Gains Primary Residence Exemption

I lived in a condo owned by my parents for 16 years and last year they transferred the title to me. I plan to sell it but have not "owned" the condo for the 2 years required to be exempt from capital gains taxation. Is there a loophole?
by Sharpie on November 1st, 2006 | one answer | in Capital Gains Primary Residence Exemption

Are there any one time exemptions from capital gains tax on a primary residence in either state or federal income tax? (California ?)
by DJay536 on October 29th, 2006 | one answer | in Capital Gains Primary Residence Exemption

My husband and I have lived in our home for 17 months and want to sell. Will we have to pay capital gains taxes if we sell before we have lived in the house for 2 years?
by Anonymous on October 19th, 2006 | 2 answers | in Capital Gains Primary Residence Exemption

My ex-wife and I still own a home in which she and our two children live. I have not lived in the home for 18 months. If we sell it, can I get the real estate capital gains exemption on my share of the profits? It is no longer my primary residence.
by Emiller on October 11th, 2006 | one answer | in Capital Gains Primary Residence Exemption

My parents have lived in there home for 8 years. They are planning to sell the house and put $45,000 down on my new home? Will they have to pay capital gains tax?
by Anonymous on August 24th, 2006 | one answer | in Capital Gains Primary Residence Exemption

I bought a house with a down payment but due to building delays we moved into the new house a year later. Is that year of construction part of the 2 year tax period?
by Bassin444 on July 27th, 2006 | one answer | in Capital Gains Primary Residence Exemption

My wife died in February this year. If I sell my house this year, can I take a $250K or a $500K capital gains exemption? What if I sell the house next year?
by Anonymous on June 23rd, 2006 | 2 answers | in Capital Gains Primary Residence Exemption

Built primary residence on land, subdivided land, now selling vacant piece. Can the capital gains tax exemption be used on the vacant piece?
by fetherman@nac.et on June 13th, 2006 | no answers | in Capital Gains Primary Residence Exemption

We purchased land with the intention of building a primary residence. We are moving out of state and are going to sell the land to purchase a primary residence in our new location. Do we have to pay capital gains on profit from the land sale?
by eduprof on June 9th, 2006 | one answer | in Capital Gains Primary Residence Exemption

I am selling my primary residence after only one year and I am using the $50,000 profit to put a payment down on a piece of land on which I will build. Do I have to pay capital gains on that profit?
by Lara Hudson on April 18th, 2006 | one answer | in Capital Gains Primary Residence Exemption

Do I get the full $500,000 tax exemption for a 2 unit property? Since one unit is my primary residence and I rent the other, do I need to pay capital gains for the full amount?
by Anonymous on March 4th, 2006 | no answers | in Capital Gains Primary Residence Exemption

I am selling a condo that I lived in once for 4 years. However, I've been living in another house for the past 18 months. Do I need to pay capital gains tax on the condo I once lived in?
by l pem on January 17th, 2006 | no answers | in Capital Gains Primary Residence Exemption