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Updated over 3 years ago on . presented by

Alan Bostick's profile image
Alan Bostick's profile image
Alan Bostick
  • Homeowner
  • from Orrville, ohio
  • Member since Sep 17, 2021
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Alan Bostick's profile image
Alan Bostick's profile image
Alan Bostick
  • Homeowner
  • from Orrville, ohio
  • Member since Sep 17, 2021
Connect
Alan Bostick
  • Homeowner
  • Orrville, OH
31
Votes |
71
Posts
Tax, SDIRAs & Cost Segregation

Friend selling house recently under land contract- capital gains?

Alan Bostick
  • Homeowner
  • Orrville, OH
Posted

A friend of mine has lived in this house under land contract for 5+ years and and recently taken title and now wants to sell. Will he have to pay capital gains tax because he hasn’t held title for more that 2 years?

Akron, Ohio
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