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Stephen G.
Stephen G., Financial Advisor
Category: Capital Gains and Losses
Satisfied Customers: 6487
Experience:  Senior Tax Expert; CPA/PFS(retired)Personal Financial Planner; Small Business & Professional Mergers & Acquisitions
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I am 66hears old, and retired, I have an investment property

Customer Question

I am 66hears old, and retired, I have an investment property which I plan to sell and modify my own home for retirement. Will I be paying Capital Gains Tax when I sell the investment property?
Submitted: 11 months ago.
Category: Capital Gains and Losses
Expert:  Stephen G. replied 11 months ago.

Yes.

What you do with the proceeds in terms of your home doesn't affect the capital gains tax on the sale.