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Updated over 4 years ago,
Capital Gains Tax Surprise
Recently closed a sale on my fourplex and was surprised to see I still owed capital gains tax on the 3-units I didnt live in. I've always been told theres no capital gains tax on your primary residence after 2 years if the proceeds are under $250K so just want to give a heads up for anyone who's selling to look into their local tax laws.
I definitely couldve looked harder, but lesson learned!