Talk of The Villages Florida - View Single Post - Sell in Duval, buying new in south- cost comparison
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Old 02-13-2021, 06:11 AM
danglanzsr danglanzsr is offline
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Default No capital gain tax

Quote:
Originally Posted by Mosells View Post
I read that Biden is doing away with the 1033, where you sell a property and reinvest in another property with no federal tax implications.
There would be no capital gain tax on the sale of a primary residence if the gain is less than $250,000. The 1033 exclusion only applies to investment property.