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Capital gains tax doubt


KothaKurrodu

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Hello All,

i have question on how capital gains tax works. Experts please share your thoughts.

if i have a home bought for 500k and sold for 600k+. I get 100k as profit, then how much i need to pay for tax. Also, should i skip paying the tax by investing that amount for another home?

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If you stay two years in the last five years, then no tax.

if not you will be paying, other option is while selling you need to do 1030 exchange not sure if title company does or a different process

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