Legal Question in Tax Law in Indiana

Capital Gaines Tax

I've brought a house in Las Vegas NV three years ago and sold it this year. I've made 20.000 on the sale. Would I be required to pay capital gains tax on this 20.000.


Asked on 5/26/04, 11:42 am

1 Answer from Attorneys
John Cook Dunn & Cook

Re: Capital Gaines Tax

If you used the house as your main personal residence for the two years prior to selling the house then all of the gain is tax free.

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Answered on 5/27/04, 4:12 pm


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