Does my capital gains tax on a home I owned less than two years effect my Tax free income?
- Max HooplaLv 77 months ago
- 7 months ago
That depends on what your "tax free"income is.
- Anonymous7 months ago
If you received Social Security Benefits, up to 85% of that may become taxable.
- ocularnervosaLv 77 months ago
You don't pay capital gains on a house. You pay property tax on a house.
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- regeruggedLv 77 months ago
If your income is tax free, nothing affects it. You will have to pay capital gains tax on the gain on the sale of your home. Better count every penny you spent on the house while you owned it.