Does someone over 75 yrs old have to pay capital gains tax on a 2nd vacation home? Or on a rental property?

ANSWERS: 2

Paula Straub

Yes, unfortunately, age plays no factor in whether or not capital gains tax is due. Paula Straub www.savegainstax.com

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Sherri

Age has nothing to do with capital gains! Anyone is going to pay on profits from the sale of a 2nd home and on rentals!

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