I'm a first time home owner and really need to move. I've owned the home for about a year, and am just learning about the capital gain tax. Trying to decide whether to try and stick it out one more year to avoid the tax. What are the percentages for short and long term capital gains, and which of the 2 will save me the most money? If I sell immediately the short term would apply, and if I wait a few months, the long term capital gain would apply.
2007-07-04
12:29:50
·
4 answers
·
asked by
Jen1943
1
in
United States