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Updated almost 6 years ago,

User Stats

117
Posts
26
Votes
Tony F.
  • Investor
  • California, CA
26
Votes |
117
Posts

Tax implications primary residence sale owner carry

Tony F.
  • Investor
  • California, CA
Posted

Building a new house, Considering selling my current primary residence, I have lived in it 6 years, significant inveterate in value over that 6 years (~33% gain).

Since it’s my primary, if I sell, what is tax rate on gain?

Does carrying a note when selling the house change tax implications?

How long do I have to sell after moving out to realize this tax break? Won’t be renting but may take a couple months to move out.

Thanks!

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