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All Forum Posts by: TJ Scott

TJ Scott has started 1 posts and replied 4 times.

@Basit Siddiqi I am making a profit off the sell and it is my primary residence

@Zachary Ray thank you and I wish we could but we have made it as far as we can

@Bob Norton after all the fees my profits will be about $33k and we have only lived in this house for a year and a half

I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?