capital gain tax
The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary residence? Also, If I do sell a property for a gain within the first year or 2 can I put the capital back into another property within a certain time frame without getting taxed, if so how long do I have? If you can move the capital into another property to avoid taxes can you move the capital into another investment like my personal business? I live in Indiana if that makes any difference. Any help is much appreciated. ThANKS!