Wednesday, December 25, 2024

How Does Capital Gains Tax Work for a Home Sale?

Important

Regarding Capital Gains tax if you live in California: Just remember California will add 10% Capital Gains tax to the 20% federal capital gains tax for a total of 30% Capital Gains taxes on any stocks or homes or other buildings you sell. There is much more to all this than what I'm saying here so you likely need to consult someone like a Financial Advisor or an Estate Lawyer before selling anything like stocks or Houses or other buildings and you are a resident of California.

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 How Does Capital Gains Tax Work for a Home Sale?

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