Reply With QuoteI would speak to a realtor. When we sold our house we waited the 2 years, but were told we could have sold early because my husband was out of work on disability. Just make sure that they know what they're talking about.
This will give you the ability to get very creative if you would like to avoid some large tax consequences on selling a property prior to the 2 year mark
Explain
I would speak to a realtor. When we sold our house we waited the 2 years, but were told we could have sold early because my husband was out of work on disability. Just make sure that they know what they're talking about.
Explain
..in a brief way, stop paying yourself a taxable salary and make other arrangements to "receive" money for this entire year. Your income will drop off and your only tax consequence is now your gain on your property.
I would speak to a realtor. When we sold our house we waited the 2 years, but were told we could have sold early because my husband was out of work on disability. Just make sure that they know what they're talking about.
...hardships, loss of job, job transfers, etc do not fall under the 2 year requirement.
it's two years....a realtor can't give you tax advice... some realtors will just tell you what you want to hearsee a cpa . if there's a way they should know. renting a room doesn't make the house a rental. can you 1031 a room
it's two years....a realtor can't give you tax advice... some realtors will just tell you what you want to hear
..well, now that we finally know it 2 years
Good thing WILDERTHANU is not a client and I hope I told him what he wanted to hear
..well, now that we finally know it 2 years
Good thing WILDERTHANU is not a client and I hope I told him what he wanted to hear
I said somerealtors
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