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acoulombetax
New Member

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

 
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SweetieJean
Level 15

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

3 Replies
SweetieJean
Level 15

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

Did you ever rent it out?
SweetieJean
Level 15

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

No exclusion, since this was not your primary residence.
SweetieJean
Level 15

If I owned a second home and held for more than five yrs and the appreciation was 500,000 what would the tax bill be?

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