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Updated about 2 years ago on . Most recent reply

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Lerena Kelly
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Seller Finance and Capital Gains

Lerena Kelly
Posted

Question-if someone sells their primary residence, offering seller financing, but doesn’t start receiving their repayment until 5 years after selling, will this affect their capital gains? 

Side not if wondering-Seller meets all the requirements to receive $500,000 capital gains (married, lived in it..).  Wondering more if there is a timeframe on the capital gains on the sale of the property and when the repayment happens.

Apparent any insight.

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