Tax

Ask a Tax Question, Get an Answer ASAP!

Have your own Tax question?

5 Tax Professionals are Online Now

characters left:

Not a Tax Question?

Question

i need to know about capital gain in florida on personal real estate property on my primary residence

Submitted: 1603 days and 1 hours ago.

Category: Tax

Value: $5

Status: AWAITING CUSTOMER ACTION

Answer

If you have owned and lived in the property as your primary residence for two of the five years immediately preceding the sale, the first $250K ($500K if married filing jointly) is exempt from tax.

If that circumstance does not apply to you, please let me know and I will discuss the alternatives for you.

XXX@XXXXXXX.XXX

Accepts:
Expert:	Jon Andrews
Pos. Feedback:	99.7 %
Answered:	7/4/2005

Certified Public Accountant (CPA)

I deal with all levels of tax planning and controversy - from the ordinary to the complex.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Tax

Have your own Tax question?

Question

i need to know about capital gain in florida on personal real estate property on my primary residence

Answer

Related Tax Questions