Im_A_Director t1_j6losdd wrote on January 31, 2023 at 5:09 AM Reply to comment by majortom300 in I'm considering selling my home, renting for a year, then buying my second home in order to avoid some of the stress of trying to sell and buy at the same time. Is this a bad idea? by youAtExample If the home has been owned for more than 2 years, there is no capital gains tax on the first $250,000 for single house hold owners and $500,000 for married owners. Permalink Parent 4
Im_A_Director t1_j6losdd wrote
Reply to comment by majortom300 in I'm considering selling my home, renting for a year, then buying my second home in order to avoid some of the stress of trying to sell and buy at the same time. Is this a bad idea? by youAtExample
If the home has been owned for more than 2 years, there is no capital gains tax on the first $250,000 for single house hold owners and $500,000 for married owners.