about-bingo.net » 576 http://about-bingo.net All about Bingo Fri, 30 Jul 2010 10:21:49 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Tax due when I sell my share of the 40% of currently owned home? http://about-bingo.net/tax-due-when-i-sell-my-share-of-the-40-of-currently-owned-home http://about-bingo.net/tax-due-when-i-sell-my-share-of-the-40-of-currently-owned-home#comments Sat, 23 Jan 2010 04:35:26 +0000 admin http://about-bingo.net/tax-due-when-i-sell-my-share-of-the-40-of-currently-owned-home
wonderfulife asked:


I currently have 40% of the house shared with my father (60%). My brother would like to purchase the 40% and move in. How would I deal with my taxes when I sell my 40%? Is there a tax exemption if I use this 40% money that I receive and buy another property within a certain time frame? What about the 2 out of 5 rule that I read about, would I be qualified?

Ricky
]]> http://about-bingo.net/tax-due-when-i-sell-my-share-of-the-40-of-currently-owned-home/feed 4