title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Monday, April 17, 2006
 
Home Sale Confusion

 

Q:

I sold my primary residence after living in it for more that 2 years.  I made a profit of about 100,000.  I did not use the profit to buy my new house.  I just put it in the bank.  Do I have to pay taxes on the profit. 
 
Thanks.


A:

It's all explained here.

Your personal professional tax advisor can explain any part that is confusing.

Kerry Kerstetter

 



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