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Personal Finances / Buying or Selling a Home


Subject:  Taxes on gain of home sale? Date:  4/11/2001  5:34 PM
Author:  szvers Number:  19081 of 128883

I closed on a house i bought on sept. 27, 1999. I want to move for no special reason, other than I want a bigger house. Can I sell this house before sept. 27, 2001, and still avoid paying taxes on the gain? And if I can't is it all or nothing. In other words, is the tax prorated for, let's say 1.5 years in the same house, instead of 2, which I've heard what you have to have for no tax on the gain.

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