Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How to avoid capital gains tax on house sale"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Once you include the costs of buying and selling the house you probably won’t have much capital gains. Maybe $50k, so you’d owe $5k? Just pay it and don’t tie together your asset until you’re ready.[/quote] mostly the costs of selling the home. but still, OP, it breaks down like this: sale price: 1.2million acquisition cost: 800k improvements: 40k sale prep+brokerage +closing costs+ transfer/recording tax: 90k profit: 270k taxable profit: $20k so even remaining unmarried, you'd only owe 15% tax on that 20k taxable profit. You're worrying about a potential $3k in taxes sometime in the future, when all the rules could possibly change tomorrow. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
