I want to sell my home. How much do I pay in taxes on a gain.?

Asked by evelyn, 93030 Fri Mar 15, 2013

I’ve had it to 9 months and it’s gone up 70K. When I sell do I pay taxes on the gain? Is so what percentage? I heard its 30% of the gain.
Also, when would I pay it or will escrow deduct it.
PLEASE HELP!!!!!!

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Al Goldberg, Agent, Beverly Hills, CA
Fri Mar 15, 2013
Hi,

You maybe able to defer the taxes by doing a Starker 1031 tax deferred exhange.

I have done many for myself and clients.

Call me or better email me at

ALYourBroker@yahoo.com

800-765-3609 Cellular

"Making Real Estate Fun"
0 votes
Suzanne MacD…, Agent, Morristown, NJ
Fri Mar 15, 2013
I would suggest you contact a tax preparer or a CPA. They are experts in all tax matters and they will be better able to help you.
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