i have only owned my home for 1 and 1/2 years but have to move for a job. I plan on buying a home of equal value at my new location. Do is still have to pay Capital Gains on the money I will make on the home?
On Monday, March 31, 2014 7:53:57 PM UTC-7, todd wrote: | i have only owned my home for 1 and 1/2 years but have to move for a job. I | plan on buying a home of equal value at my new location. Do is still have to | pay Capital Gains on the money I will make on the home?
Maybe. You may be eligible for a reduced capital gain exclusion:
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