I have a house that I bought as a starter home in 2009. I will be putting on the market in October. I have not lived in it since march of 2014 because my job took me to a different town. It has been rented by a family member since we moved in 2014. When it sells we will be taking the money (profit around 40-60k) and putting it directly into a bank account for our next house which we will purchase or build in around 2 years.
I get so much inconsistency when it comes to this question from people who don't know what they are talking about or have any real experience in the matter.
Will I need to pay capital gain taxes?
Submitted August 17, 2017 at 07:37AM by dabeersboys http://ift.tt/2wday7u
