What are the tax implications of selling a property owned for less ...

Question by tuna : What are the tax implications of selling a property owned for less than 2 years ? what is the $ you can make
I am hoping to sell my primary residence that I have owned for 18 months and take the profit and invest it into my fiances property. What are the tax implications of this? Is There A Certain amount of $ ?s that you can still make without having to own the property for 2 years ? Best answer:
Answer by

trade_info your gain will be taxed
at 15% capital gains rates, unless somehow you fall into alternative minimum problems. you need to hold off for 6 months or do a exchange 1231st

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