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View Full Version : Is there a loop hole in capitol gain?


charleyr5
Mar 1, 2006, 04:48 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, 08:46 PM
I recommend that you re-post this question in the TAX forum. You might get better responses.