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re: Best option with house sale profit
Posted on 2/28/19 at 2:21 pm to lynxcat
Posted on 2/28/19 at 2:21 pm to lynxcat
quote:Tax free as long as he's lived in the house as his primary residence for at least 2 of the previous 5 years.
Won’t he have to recognize the gain from the home sale as taxable income?
OP - payoff all your credit card debt starting with cards that have highest interest rates
2
Posted on 2/28/19 at 5:39 pm to Tiger Prawn
Thanks for the advice!
Posted on 3/3/19 at 11:04 pm to Tiger Prawn
quote:
Tax free as long as he's lived in the house as his primary residence for at least 2 of the previous 5 years
And even this can be prorated if you sell earlier than two years.
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