I used monies from a retirement fund to buy a second home and paid taxes on what was withdrawn. If I sell home for no gain, will I pay capital gains tax?
The second home was never a rental and will be sold to a sibling for cost.
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1 Best answer
PatriciaV
Expert Alumni
Jun 3, 2019 12:22:20 PM
Fortunately, you will not be taxed on the sale of a second/investment home if you have no gain.
1 Replies
PatriciaV
Expert Alumni
Jun 3, 2019 12:22:20 PM
Fortunately, you will not be taxed on the sale of a second/investment home if you have no gain.