- NEW!
Help answer this question below.
What is capital gains tax on real estate?
by Answerbag Staff on May 4th, 2010
| 1 person likes this
My wife and I bought a home in may 08 for $38,500 anticipating to move into the home when our current house sold however we have an offer of $80,000 for that home 5 months later what is our tax liability?
by gerald on October 23rd, 2008
| 1 person likes this
I recently sold an investment property and want to purchase another home for retirement in another country while keeping my current residence will I be required to pay capital gains tax on the profit of the investment property if so what percentage?
by crossi on January 23rd, 2009
| 1 person likes this
My mom owned 10 acres since 1948, paid $2500 in '48, was sold '08 for $1.25 million. Does she get a break from or for capital gains since she is over 65 and lived there for so long. or just the $250,000
by rgmcouch on February 10th, 2009
| 1 person likes this
My mother bought a house in 1996 for $110,000 cash. With provisions that upon her death, (in 2002), the house would automatically be put into my sister's and my name. In 2002, the house was worth $270K. We are selling it, do we need to pay capital gains?
by Anonymous on February 17th, 2009
| 1 person likes this
You're reading I have a property that was my primary residence in 2001-2003. I moved in 2004 to a home that was given to me. If I sell the first home, will I have to pay capital gains on it, given that it was my primary residence for at least 2 of the last five years?
Comments