Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
live in a house for 2 years, and pay no tax question
In MA, if I live in a house 2 of the past 5 years, I can sell it tax free.
I owned a house for 2 years 1 month.
Does the IRS check up on where you lived for that 2 years?
I actually lived there 2 years, but through post office address changes I did not. I was late changing my address by months and I changed my address early by months so my new drivers license would be of that of my new house.
I made less than $20k profit so its not even a huge tax break, but I hate paying extra in taxes out of fear.
Any thoughts?