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If I sell a house for cash only. Do I have to claim capital gains tax on my taxes?
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If I sell a house for cash only. Do I have to claim capital gains tax on my taxes?
See https://www.irs.gov/taxtopics/tc701
Note the exclusion for a principal residence.
Otherwise, it makes no difference whether you sell for cash or provide financing, with the exception of installment sale treatment.
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If I sell a house for cash only. Do I have to claim capital gains tax on my taxes?
See https://www.irs.gov/taxtopics/tc701
Note the exclusion for a principal residence.
Otherwise, it makes no difference whether you sell for cash or provide financing, with the exception of installment sale treatment.
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