My mother is currently living with us,do to a fall. She wants to sell her house and move into assistant living, does she have to pay capital gains from the sale of her house? She is 78 years old

Hi,this whisky4 again to clarify in previous post,s,I close dthe purchase of last house on 9/31/04,sold same on 5/31/06 just short of (2)years purchase price was 129,999,sales price was 425,000,did both sale&purchase in same escrow office,purchase price of next Ho use was 155,000 plus we have put...

If you have had a property longer than two years and decided you would llike to sell the property How I avoid paying capital gains tax or what if I start a Corporation and quick deed the property to the Corporation. What is the benefit of deeding rental property (Investment Property) to a C-...

:confused: We are selling family property (178 acres & a house), to be split between 6 siblings. It will sell between $1 & $1.6 million. Will we have to pay Capitol Gains on 1/6 of the selling price, or the whole amount? Will we have to "buy up" to avoid Capitol Gains? We will be...