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by notquitered on April 8th, 2008
by tjatherton on January 31st, 2007
Are Capital Gains on American Eagle Coins Taxable?
by Answerbag Staff on March 24th, 2011
| 1 person likes this
Do trust accounts qualify for the real estate capital gains exemption?
by Answerbag Staff on July 31st, 2010
| 1 person likes this
Do you have to pay taxes on real estate for a deed in lieu of foreclosure?
by Answerbag Staff on July 23rd, 2010
| 1 person likes this
I selling my condo in MA which I have owned & lived in for 10+ yrs,and will make $100 or so. Do I need to pay captial gains tax?
by suecritton on July 26th, 2010
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Is note from seller subject to cap gain tax in year of sale (e.g. $400K sale: $300K cash plus $100K seller note due in 3 years)?
by capgaintax on June 29th, 2010
| 1 person likes this
You're reading My husband and I are planning on selling our town house that we have owned for 3 years. We will be living with family for 1 year to save money. How long do we have to pruchase a place before we get capital gains tax on the sale of our town house
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Comments
Just some clarifications: The house must be your "primary residence" for 3 out of the previous 5 years, and the capital gains tax exemption is $250,000 for a single person or $500,000 for a married couple.
by Agrippina on April 8th, 2008
Thanks for clarifying for them...it is tax season and I have been up all night!
by notquitered on April 8th, 2008
Your answer was right and probably clear to everyone already; I'm just a stickler.
by Agrippina on April 9th, 2008