Home Selling in 94523>Question Details

Linda, Home Buyer in Pleasant Hill, CA

Is there a tax break when you sell your first home? We own a condo and a house, was considering selling our condo but we can also afford to hold it.

Asked by Linda, Pleasant Hill, CA Wed Jul 9, 2014

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3
Tax laws change so often and be difficult to give an accurate answer without a little more information. The best thing for you to do would be to talk to a good Tax Professional.

If you do not already have one I can refer you to several that specialize in Real Estate taxes.

I know several right here in Pleasant Hill that would be happy to chat with you and go over your individual unique situation.
0 votes Thank Flag Link Sat Sep 20, 2014
You should talk to a CPA. Typically there are no capital gains taxes if you have occupied the property as a primary residence for 2 of the last 5 years. Good luck !
Web Reference: http://sellquickAZ.com
0 votes Thank Flag Link Wed Jul 9, 2014
There are different types of taxes depending upon how long you've held the property. Your best bet is to consult with an accountant.
0 votes Thank Flag Link Wed Jul 9, 2014
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