Talk of The Villages Florida - View Single Post - House closing
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Old 05-27-2024, 11:56 AM
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JMintzer JMintzer is offline
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Quote:
Originally Posted by Cliff Fr View Post
Will you be paying income tax on the sale proceeds if you don't reinvest in another house?
Not on $550K, you won't...

You can make $500K PROFIT on selling your home before paing capital gains taxes...
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