Capital gains
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idahodearhunter
Sep 8, 2006, 3:55:00 PM9/8/06
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Due to marital problems, I left my principal residence to resolve some
differences with my spouse. I entered into a lease option agreement
with some people interested in purchasing my home. My marriage ended so
I bought another house. The people flaked out on the lease option, so I
sold the other house about a year ago. I have an opportunity to take a
job with my company out of the area, but have been told I can't sell
my current residence until two years have gone by since the last sale.
Am I just stuck, or what? My accountant says I will be penalized about
18% on the proceeds to capital gains. Can that be true? I have lived in
my current residence for over two years.
differences with my spouse. I entered into a lease option agreement
with some people interested in purchasing my home. My marriage ended so
I bought another house. The people flaked out on the lease option, so I
sold the other house about a year ago. I have an opportunity to take a
job with my company out of the area, but have been told I can't sell
my current residence until two years have gone by since the last sale.
Am I just stuck, or what? My accountant says I will be penalized about
18% on the proceeds to capital gains. Can that be true? I have lived in
my current residence for over two years.
saving...@gmail.com
Sep 9, 2006, 12:08:45 PM9/9/06
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