Do You Have to Pay Capital Gains Tax? If you have lived in your home for 2 of the last five years of home ownership, you may not have to pay any capital gains tax. For single homeowners the limit is $250,000 of gain and for married homeowners the limit is $500,000. The gain is the difference between what you paid for the home and what you sold it for. If you have any other questions related to residential real estate, call or email Robin at 512.589.7988 or robin@robinscottrealtor.com
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
No comments:
Post a Comment