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Updated almost 5 years ago on . Most recent reply

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3
Posts
0
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Cory Yancy
  • Dallas, TX
0
Votes |
3
Posts

Capital Gains vs Primary Residence

Cory Yancy
  • Dallas, TX
Posted

My wife and i are in the process of purchasing a new home.  Since the start of out building process the value of the homes in the area has increased $70k to $80k. We are thinking about putting out new house back on the market and see if we can make $80k profit.  The question is, how long do we have to live in the house as our primary residence to avoid capital gains on the property.

Most Popular Reply

User Stats

38
Posts
10
Votes
Dusty Bowling
  • Wholesaler
  • covington, IN
10
Votes |
38
Posts
Dusty Bowling
  • Wholesaler
  • covington, IN
Replied

2 years

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