This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Hello all. I am selling my home where my family and I have lived for almost 4 years. It is an apartment in a cooperative corporation (I’m technically selling the stock, not the apartment as I don’t technically own the apartment.. co-ops are confusing to me)
Regardless, I’m wondering what my tax liability is going to be on the sale (we’re looking at around 32,000 USD).
I’ve read that since I’ve lived there for more than 3 years and it is my primary residence that I don’t have any tax liability and it won’t count as capital gains. Is this true? Admittedly I know very little about taxes and am hesitant to hire a cpa for fear of being taken advantage of.
I apologize in advance if I have missed a post requirement in any capacity and look forward to any and all advice given. Thank you!
Subreddit
Post Details
- Posted
- 1 year ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/tax/comment...