2006-10-05 13:58:40 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
sell the one you are living in , if it's been two years. live in the other one for two years , then sell it....
2006-10-05 14:04:28 · answer #1 · answered by xjoizey 7 · 0⤊ 1⤋
You cannot avoid paying capital gains when selling real estate if you own more than one piece of real estate. However if you did a 1031 exchange you could avoid capital gains on the sale of the property but you would also being buying another property of equal value of what you are selling yours for.
2006-10-05 21:23:57 · answer #2 · answered by NOIZE 4 · 0⤊ 0⤋
There is no taxes if the second property is fully funded with Roth Ira money. There is only a partial tax if it's partially funded with Roth Ira money.
2006-10-06 02:54:32 · answer #3 · answered by gregory_dittman 7 · 0⤊ 0⤋
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2006-10-05 22:50:03 · answer #4 · answered by stock.trade 1 · 0⤊ 1⤋
GO TO: http://realtytimes.com/rtnews/rtcpages/20021216_capitalgains.htm
2006-10-06 02:12:25 · answer #5 · answered by Planet Progress 3 · 0⤊ 0⤋