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Updated almost 6 years ago on . Most recent reply
Tax implications primary residence sale owner carry
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!