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Home Selling in Milliken : Real Estate Advice

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Michael Glist, Real Estate Pro in Colorado Springs, CO
Thu Feb 11, 2016
Michael Glist answered:
Check with you tax person to ensure accuracy however this is what i know from personal experience.
When you sell your primary residence, you can make up to $250,000 in profit if you're a single owner, twice that if you're married, and not owe any capital gains taxes.

When you sell your primary residence, you can make up to $250,000 in profit if you're a single owner, twice that if you're married, and not owe any capital gains taxes.
Capital gains is more geared towards investment properties so unless your tax person tells you otherwise you wont have to pay a capital gain tax.
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Michael Glist, Real Estate Pro in Colorado Springs, CO
Mon Feb 23, 2015
Michael Glist answered:
You are going to want to talk to your lender because depending on what type of loan you have a who the servicing lender is you may be required to live in the property for at least 12 months. ... more
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