Is there a loop hole in capitol gain?

charleyr5 · #1 Mar 1, 2006, 03:48 AM

My husband and I bought our house almost a year ago. Recently someone offered us an amount we could not refuse. If we sell before owning the house for a year is it true that as long as all the money is invested within two years we do not have to pay capitol gain tax? Does this include a house we are going to live in and property we are going to live on?

CaptainForest · Mar 1, 2006, 07:46 PM

I recommend that you re-post this question in the TAX forum. You might get better responses.



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