Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Home Sale Confusion

Posted by taxguru on April 17, 2006

 

Q:

I sold my primary residence after living in it for more that 2 years.  I made a profit of about 100,000.  I did not use the profit to buy my new house.  I just put it in the bank.  Do I have to pay taxes on the profit. 
 
Thanks.

A:

It’s all explained here.

Your personal professional tax advisor can explain any part that is confusing.

Kerry Kerstetter

 

This entry was posted on April 17, 2006 at 9:38 AM and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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