I bought a property a couple of years ago for $125,000. The state purchased part of the land the home is on for $135,000 to build a new road, however I still have the house. How would my capitol gains work in this sit...

Scenario: Parent and child co-own a non-rental property. Parent lives in property, child is silent investor living elsewhere. At sale of property, a $300K profit is realized. 
Question: Is full $250K cap gains exempt...

Hi everyone, I was listening to the bigger pockets podcast and I thought I heard Brandon Turner say that if you flip a house that you own as your primary home for two years that the gain you make on the sale is untaxe...

Hi - This is a very basic question. To calculate capital gains on the sale of a home, do I factor in the closing costs on both the purchase and the sale? I assume so but I want to be sure. So, assume that if I buy a p...

Hello all, Interesting scenario where I'm curious what the tax implications would be. Sister puts house in her name for a sibling, lives in it for the first 3 years, then moves out. Sibling continues to pay mortgage f...

Hi folks,I've recently bought a couple of lots and will be building spec homes on them. My main concern is when long term capital gains kick in. We closed on the lots on 3/15/19. If we aim for a sale next spring, afte...

Hello BP Community!  I am in need of some advice/knowledge on Capital Gains Taxes pertaining to my personal situation.My wife and I currently live in CA and are planning to sell our primary residence in the next month...

Hello. I own a property here in FL since 2019, but we are looking to relocate in Puerto Rico. We would like to rent the house for around 2yrs. If we move to PR and we sell the property after 2 yrs: 1- is the 2 out of ...

I have a quick 2- part question for a friends guys. They had last minute orders.

I remember reading somewhere that if you move in less than 2 years due to military orders or family circumstances you could divi...

im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...