Re: Capital Gains Tax (Sale of Primary Residence)

Jackson Pollack <[EMAIL PROTECTED]> writes:

> I recently sold my primary residence and realized a net profit of
> more that 250K (I'm single).I'll now be buying a house for about
> the same $ that I got for my previous house.

How long did you own and live in the house you just sold?

> In order to avoid the cap gains tax,does this house have to be my
> "primary residence" and is there a minimum period of time that I must
> own it before selling?

The new house is completely irrelevant to your tax situation
on the sale of the old one.

-- 
Rich Carreiro                            [EMAIL PROTECTED]