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Updated over 5 years ago,

User Stats

15
Posts
1
Votes
Kitty Jedra
  • Wholesaler
  • Green Brook, NJ
1
Votes |
15
Posts

Capital Gains Tax

Kitty Jedra
  • Wholesaler
  • Green Brook, NJ
Posted

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

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