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Updated over 6 years ago on . Most recent reply presented by

User Stats

30
Posts
13
Votes
Marzieh Rostami
  • Rental Property Investor
  • Houston, TX
13
Votes |
30
Posts

Property taxes on primary residence

Marzieh Rostami
  • Rental Property Investor
  • Houston, TX
Posted

I have read that if I have lived in my house for two of the last five years I owned it then I won't have to pay taxes. Well I have lived in my house for two years but I've also only owned it for two years not five. Does that still qualify.

I had another house which I sold last year and didn't have to pay taxes on that. So the two properties overlapped from a period of one year. (It took almost a year before I sold the first one and fully moved into the second one). So what happens in terms of taxes if I sell this new one now after two years of ownership.

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