I'm unmarried. This is not a primary residence. I've owned the property for quite a while.How did you work your basis down $50k from your purchase price?
If you are married you won't owe any tax on sale #1. But you will on sale #2 so I would wait until 2025 unless you forecast market declines which would exceed the tax liability.
Statistics: Posted by dmk395 — Tue Jul 16, 2024 6:00 am — Replies 2 — Views 219