Talk of The Villages Florida - View Single Post - Why ???
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Old 09-20-2024, 05:54 AM
NoMo50 NoMo50 is offline
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Quote:
Originally Posted by Papa_lecki View Post
It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmmond.
In addition to having to wait 12 months in order to keep any profits, one must wait 24 months in order to avoid paying federal taxes on the capital gains.