New Jersey  |  Real Estate Law

Legal Question

Asked on: 8/21/13, 4:56 pm

I'm planning on selling a house in forked river, NJ (which has not been my primary residence, my father passed away and I inherited his home) and rolling the money into buying a house in Arizona (which will be my primary residence). My question has two parts, how long would I have to invest it into another house before I have to pay capital gains tax, and what penalties or fees would I suffer for transferring the money to a home in tucson, Arizona.

I hope this is not too vague of a question.

Thank you for your time!

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