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?

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  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 people like 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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  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 | 1 person likes this

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  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 | 1 person likes 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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