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Answers by Cori Baumann
1 answers · 5 pts
Capital gains tax- how long can I wait to buy a home?
Asked by Darrel | Raleigh, NC | 07-26-2023
Cori Baumann08-23-2023 (3 years ago)
You will need to own the home for 2 years to avoid the Capital Gains Tax. However, sometimes improvements to the home can be deducted from this owed tax, check with your local lender!