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Well, you pay tax on your gains on that stock sale. The claim is you shouldn't on houses; it should be a tax-free investment.
by x0x0 7y ago
Well, you pay tax on your gains on that stock sale. The claim is you shouldn't on houses; it should be a tax-free investment.
- collias 7y agoYou definitely pay taxes on a sold property (capital gains, like stock), assuming your profit is over $250k, like this example. Prop 13 doesn't affect that.