Michigan | Tax Law
8/15/02, 9:25 am
Legal Question
Taxes on new home sold in 2 years
I bought a new/first house about a year ago and am planning to move to a different location. If i sell my first house in the next 3 months, do i havr to pay any capital gains or other income traxes ? (I was told if i keep the house for 2 years then i can avoid these taxes, is this true?)
Is there a way to avoid paying taxes on the profit i make
when i sell this house ?
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Read More Answered By: Geoffrey Lahn |
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