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Updated about 5 years ago,

User Stats

36
Posts
22
Votes
Nicole Parnell
  • Flipper/Rehabber
  • New Orleans, LA
22
Votes |
36
Posts

Capital gain tax on selling real estate in 1 year

Nicole Parnell
  • Flipper/Rehabber
  • New Orleans, LA
Posted

What is the % of taxes I may be subject to pay on a property I lived in for 366 days then sell at a profit? I'm getting mixed responses on this. A real estate agent told me 25% of the gain. A lady on biggerpockets forum told me 15%.

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