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    charleyr5's Avatar
    charleyr5 Posts: 1, Reputation: 1
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    #1

    Mar 1, 2006, 04:48 AM
    Is there a loop hole in capitol gain?
    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's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

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