Does my capital gains tax on a home I owned less than two years effect my Tax free income?

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  • 7 months ago

    Maybe

  • 7 months ago

    That depends on what your "tax free"income is.

  • Anonymous
    7 months ago

    If you received Social Security Benefits, up to 85% of that may become taxable.

  • 7 months ago

    You don't pay capital gains on a house. You pay property tax on a house.

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  • 7 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.

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