by Linda Kennedy on December 10th, 2005

Linda Kennedy

Question

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I'm considering selling a property I've been renting to my parents. How much in capital gains will I have to pay if I expect to make a profit of $85,000? Can I only avoid capital gains if I occupy the house for 2 or 3 years?

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You're reading I'm considering selling a property I've been renting to my parents. How much in capital gains will I have to pay if I expect to make a profit of $85,000? Can I only avoid capital gains if I occupy the house for 2 or 3 years?

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