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re: I'm stumped by this tax question

Posted on 3/19/14 at 4:56 pm to Broke
Posted by Lsut81
Member since Jun 2005
80365 posts
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Posted on 3/19/14 at 4:56 pm to Broke
quote:
Is the sale of the home taxable?


If they have owned it for two years, it shouldn't be... At least that's how I thought it was.

However, they will have that wonderful Obamacare tax
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Posted by Broke
AKA Buttercup
Member since Sep 2006
65066 posts
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Posted on 3/19/14 at 5:04 pm to Lsut81
They aren't putting the money back into a home owned by them though. It's an odd situation
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