Posts Tagged ‘Foreclosed Home’
Selling home in 1 year, how do you calculate tax penalty?
Tiff Tiff asked:
I have purchased a foreclosed home for $80,000. I would like to sale it for 110,000. Would I have any tax penalty if I sell it in 1 year? I live in the state of Wisconsin.
Arlene
I have purchased a foreclosed home for $80,000. I would like to sale it for 110,000. Would I have any tax penalty if I sell it in 1 year? I live in the state of Wisconsin.
Arlene