Asked by Gail Soares, 01535 • Thu Jul 9, 2009
65,000(houses are not expensive in my area)and the home is small 2 br. Want to buy a house for 99,000. Lived in my home for 1 1/2 years. Can I sell this one and buy the other one without paying capital gains tax? Because I would'nt be gaining anything since the house is 99,000 compared to what I am selling my home for 55,000 to 65,000. I had sold a home in Ma. to buy the forclosure.I had lived in the Ma. home for 12 years. And did not pay CP gains.
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