by Anonymous on August 1st, 2008

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How long to I have after selling my house to reivest my profit before I have to pay capital gains?

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How long to I have after selling my house to reivest my profit before I have to pay capital gains?

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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?

Parents bought me a house that I have lived in and paid rent for 4 years. The house was a rental to them for tax help. House is now in my name (oct 06) and down payment was a gift. I am now selling the house and will make a profit.Will I pay capital gains

I'm selling my house for $75,000 profit. It's my primary residence, only owned it for 14 months. I'm not moving b/c of any special circumstances. I'm planning on using all the proceeds towards buying a new home. Do I still have to pay a capital gains tax

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How long to I have after selling my house to reivest my profit before I have to pay capital gains?

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