Is there an extra tax when you sell a housein New Jersey and move to another state.?

0 ⤊

2006-09-13 08:18:53 · 3 answers · asked by JAY M 1 in Politics & Government ➔ Law & Ethics

No - You and your wife can take $500,000 in capital gains to another house if you lived there for more than 2 years.

2006-09-13 08:22:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋

There would be a capital gains tax unless you re-invest that money into another house where you are moving to.

2006-09-13 15:28:22 · answer #2 · answered by ndmagicman 7 · 0⤊ 0⤋

How would the government know you are moving to another state?

2006-09-13 15:21:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋