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Updated over 5 years ago,
Capital Gains Tax
Hello Everyone!
I plan on selling my single family home and purchasing a two family home in order to help with expenses. I purchased my home for $340 and it is now worth about $400. Do I need to invest on a property that costs more than the amount I sell for, in order to avoid paying capital gains tax?
Thank you for any information you can provide me with.
Kitty Jedra