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How Soon Can I Sell A House After Buying It? Rocket Homes
WebJan 30, 2024 · Normally, if you live in your house for at least two years and it’s your primary residence, you are exempt from paying capital gains taxes on any profits you make from a sale. Individuals can claim this exemption up to the value of $250,000, and couples can claim up to the value of $500,000. WebMar 8, 2024 · The two years don’t need to be consecutive, but house-flippers should beware. If you sell a house that you didn’t live in for at least two years, the gains can be taxable. WebApr 28, 2024 · Here are three financial issues you’ll face when you sell a home before the 2-year mark: 1. You’ll Probably Lose Money on the Sale Whether you bought your home as … mexican restaurants in oro valley az