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Capital Gains?

Debbie Downer
10 years ago

Is my reading correct - if my income taxation rate is 15%, I don't pay ANY capital gains tax when I sell my two-flat?

Otherwise I think I would have to live in each of the units at least 2 out of 5 years to avoid paying?

Basically - my costs when selling are only the usual real estate transaction costs (recording fees, inspection, realtor fees, etc.)?

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