- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I've got a dumb question regarding selling a house
Posted on 2/10/18 at 8:55 pm to ItzMe1972
Posted on 2/10/18 at 8:55 pm to ItzMe1972
quote:
Will there actually be a gain after 10 months?
What market?
Yes. Estimates show about 40k. Dallas market, very desirable neighborhood. From what I understand, they bought from an investor that bought the house and ended up moving to like California or somewhere and was having trouble selling it so it was a good price, and they did some cosmetic work themselves.
2
Posted on 2/11/18 at 9:54 am to Mingo Was His NameO
It’s important to note that they will be taxed on the gain in purchase price MINUS selling fees and any money spent fixing up the house.
That is if they move before 2 years.
That is if they move before 2 years.
Posted on 2/12/18 at 2:53 pm to Mingo Was His NameO
quote:
Yes. Estimates show about 40k.
After all fees to sell the house?
quote:
they did some cosmetic work themselves.
Any improvements made can be deducted from the gains as well
They'll likely be way less than $40k in gains after all of that, I'd imagine.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News