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Investors & landlords
You will pay a capital gains tax on the sale. If you want to know how much, you can plug in the numbers in on a practice return. Yes, holding on to the house for two years to exclude the gain is worthwhile. If you wish to sell now, you can see if you qualify for a partial exclusion.
For information on the partial exclusion, please see this LINK.
ā€ˇFebruary 2, 2021
3:30 PM