Summary
Q: We recently sold, for $88,000, a modest home that we lived in for eight years and then rented out for 20 years. Should we buy another rental or another home; we are 59 and 60 years old, and wish to avoid paying a lot of capital gains tax. The house was fully depreciated.
Is there a law in Pennsylvania or federal law governing buying and selling after 60? We currently own another home. Is there a time limit for buying?See the full content of this document
Extract
Irs Rules Could Limit Tax Deferrals
Would you suggest buying a little more expensive personal residence with...
See the full content of this document
Sponsored links
