by golfhack on November 21st, 2006

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: My wife and I bought and sold a home within a few years invested a small profit in a second home where we lived for 35 years. When we sell in 2 years we will not invest the profits in a new home. Any capital gains liability? We're 62. Taxes

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by sethyboy on November 22nd, 2006
why do you have the same quesion twice here? you have this one then the one below it is the same thing. the only difference is that this one says Taxes at the end and the other one doesn't.
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: My wife and I bought and sold a home within a few years invested a small profit in a second home where we lived for 35 years. When we sell in 2 years we will not invest the profits in a new home. Any capital gains liability? We're 62. Taxes

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: My wife and I bought and sold a home within a few years invested a small profit in a second home where we lived for 35 years. When we sell in 2 years we will not invest the profits in a new home. Any capital gains liability? We're 62. Taxes

Answers. 1 helpful answer below.

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