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Updated over 3 years ago,

Tashaun Williams's profile image
Tashaun Williams's profile image
Tashaun Williams
  • Member since Dec 24, 2019
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Tashaun Williams's profile image
Tashaun Williams's profile image
Tashaun Williams
  • Member since Dec 24, 2019
Connect
Tashaun Williams
3
Votes |
9
Posts
Buying & Selling Real Estate

Taxes on sale of home in NJ

Tashaun Williams
Posted

What's going on guys,

So I listed my first home for sale a week ago and just received my second offer. I am pretty sure I am going to accept the offer. My question is will I pay capital gains taxes, and if so how much? I bought the home February 2020. I owe $162,000 and the offer is for $225,000. I am also located in NJ if the state matters or makes a difference. Looking forward to your answers. Thanks!

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