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Home Florida Taxes?
December 9th, 2009
Lauren658 asked:
I own a home right now that is worth $325,000 and I owe $245,000. I have only been in the home for 4 months. If I decide to sell the home before the two year mark how much in taxes will I have to pay on the profit. I have heard 25% and I have heard 40% of the profit I have to give back to the government.
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I own a home right now that is worth $325,000 and I owe $245,000. I have only been in the home for 4 months. If I decide to sell the home before the two year mark how much in taxes will I have to pay on the profit. I have heard 25% and I have heard 40% of the profit I have to give back to the government.
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