Do I pay tax when I Sell My House? - https://alnproperties.com/
Are you thinking about the tax consequences of selling your house on Long Island? Whether you are a normal homeowner who lived in the house, or a real estate investor who rented the house to tenants, there are tax benefits at the time of sale that you should be aware of. For homeowners looking to sell their principal residence that they have lived in for 2 of the 5 years prior to the sale date, you are likely eligible for up to $500K worth of tax exclusions. For real estate investors selling a rental house, there is a part of the tax code that allows you to roll the proceeds from the first house into a new one without paying taxes! View this presentation to learn more!
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