Comment on California Is Chasing Wealth That Has FeetparentComments−apparent2moWhat real estate rate are you referring to?−blinded2moGuessing capital gains?−apparent2moIs there a special rate for capital gains for real estate? I'm just confused as to why it was framed that way.−blinded2moNo, there are provisions for not paying the tax for houses if you are a real estate professional or live in the house 3 of the past 5 years. Other examples like 1099 exchange.−java-man2moM%
Comments
What real estate rate are you referring to?
Guessing capital gains?
Is there a special rate for capital gains for real estate? I'm just confused as to why it was framed that way.
No, there are provisions for not paying the tax for houses if you are a real estate professional or live in the house 3 of the past 5 years. Other examples like 1099 exchange.
M%