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Linda Hallgren, Realtor, CRS, e-pro Smith & Associates, Inc.

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Agent at Smith & Associates R.E., Inc. (www.LindaHallg
About:
As a Real Estate professional in my community for over 28 years, I am dedicated to providing the finest service available while breaking new ground. Because ... show more
Linda Hallgren, Realtor, CRS, e-pro Smith & Associates, Inc. answered:
If you are currently homesteading and living in the home as your principle residence and get transfered out of state, that would be the only other means of avoiding capital gains. You have capital gains? Awesome. In order to qualify for long term capital gains you have to hold it for a full year. Short term gains will be taxed at ordinary income levels. I agree, you must speak to a tax professional to get the best advise. - Sun Dec 7 2008, 06:12

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