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Updated over 1 year ago on . Most recent reply

User Stats

92
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31
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Lisa R.
  • New to Real Estate
  • Seattle, WA
31
Votes |
92
Posts

Need help- I am confused

Lisa R.
  • New to Real Estate
  • Seattle, WA
Posted

Hello- Can someone please tell me if I will have to pay any type of federal capital gains tax on a property that I sell in Washington state that was given to me?  (There is no mortgage on it). From what I have researched there will be a 1.1% real estate excise tax because the sale of the property will be under $525,000. Is this correct?

Also, can anyone recommend someone that would be willing to sit down with me and discuss some real estate tactics for selling the house and purchasing another… For a fee of course! :)

Thank you so much in advance!

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