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Tax, SDIRAs & Cost Segregation

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Nicole Parnell
  • Flipper/Rehabber
  • New Orleans, LA
22
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36
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Capital gain tax on selling real estate in 1 year

Nicole Parnell
  • Flipper/Rehabber
  • New Orleans, LA
Posted Nov 20 2019, 00:51

What is the % of taxes I may be subject to pay on a property I lived in for 366 days then sell at a profit? I'm getting mixed responses on this. A real estate agent told me 25% of the gain. A lady on biggerpockets forum told me 15%.

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