About to close on selling my house. Bought it in 2015, has been rented out since mid 2016. After all closing cost we are going to walk away with just over $20,000.
Am I exempt from the capital gains tax since iv owned it for 5 years.
If I'm not exempt, where can I invest this money to avoid that. Iv read that you can put that money into another house within 180 days to avoid the tax but havent talked to an accountant yet.
Post any additional questions and I'll answer. TIA
Submitted May 02, 2019 at 09:55PM by TexasPlatter http://bit.ly/2IW0LZQ
