I bought a second home before I sold the first one. I planned on selling the first one and paying off the mortgage on the second home, but I was told I would still have to pay capital gains tax. Is this true?

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  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 | 1 person likes this

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  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 | 1 person likes this

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  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 | 5 people like this

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  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 | 1 person likes this

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  How do I show that a residence is my primary residence?
  by Anonymous on June 12th, 2007 | 1 person likes this

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