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Updated almost 11 years ago,

Beverly Caswell's profile image
Beverly Caswell's profile image
Beverly Caswell
  • from Owosso, Michigan
  • Member since Mar 11, 2013
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Beverly Caswell's profile image
Beverly Caswell's profile image
Beverly Caswell
  • from Owosso, Michigan
  • Member since Mar 11, 2013
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Beverly Caswell
  • Owosso, MI
0
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7
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Buying & Selling Real Estate

tax on sale of home

Beverly Caswell
  • Owosso, MI
Posted

My kids have lived in their house for a year and are now looking to sell. I thought if they put the profit of their current home rolled over into their next, more expensive home, they wouldn't have to pay taxes. My accountant is saying that is no longer true. That no matter what, they would have had to live there 2 years. Is this accurate?

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