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Updated about 8 years ago,

Ariel Johnson's profile image
Ariel Johnson's profile image
Ariel Johnson
  • from Cerritos, California
  • Member since Sep 26, 2015
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Ariel Johnson's profile image
Ariel Johnson's profile image
Ariel Johnson
  • from Cerritos, California
  • Member since Sep 26, 2015
Connect
Ariel Johnson
  • Cerritos, CA
0
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5
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Buying & Selling Real Estate

Do my parents have to pay taxes on this house?

Ariel Johnson
  • Cerritos, CA
Posted

Hello, my parents are selling our old house. We lived there for from 2007-2014 and they are selling it in January. We did not live there in the past 2 years and we also have not lived in that state as we moved from GA (where the house is) to CA. I thought of you lived in a house for 2 years then you avoid capital gains tax. Can anyone clarify?

Thankyou in advance.

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