Ann Marie Mitchell // Capital Gains: What If You Don't Own Your House For Two Years?

Capital Gains: What If You Don't Own Your House For Two Years?
If you owned and lived in your home for two years, the law is clear: you can exclude from profit up to $250,000 if you are single or $500,000 if you are married and file a joint return. But what if you have made a profit on your house, but sell it before the magic two years spelled out in the tax law?

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Ann Marie Mitchell, Coldwell Banker Schmidt Realtors
231.256.9836 (office) / 231.271.4749 (home)
208 N Main St, PO Box 158 • Leland MI 49654
Fax: 231.256.9695 / Cell: 231.642.5454
E-mail: annmarie@annmariemitchell.com

© 2006 Ann Marie Mitchell. all rights reserved.