- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sold a house in 2018 I owned for 15 years. I usually make less than 38k a year. Is this profit considered a long term capital gains at 0%?
Topics:
posted
June 3, 2019
11:54 AM
last updated
June 03, 2019
11:54 AM


1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sold a house in 2018 I owned for 15 years. I usually make less than 38k a year. Is this profit considered a long term capital gains at 0%?
It depends. If the home sale was of your primary home, any gain could more than likely be excluded through the provisions below. But, if this was a second home (and not one rented out), then the gain is a long term capital gain. The rate will depend upon your income on your return.
Home sale and whether taxable:
https://ttlc.intuit.com/replies/3300213
Below are steps to enter a sale of a second home:
https://ttlc.intuit.com/replies/4241480
June 3, 2019
11:54 AM
Still have questions?
Make a post