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If i purchased a home and then i decided to sell it and quick deed it to some else to sell. Would i have to pay capital gains tax on my share of the sales proceeds. I am from california
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by DUNE: If i purchased a home and then i decided to sell it and quick deed it to some else to sell. Would i have to pay capital gains tax on my share of the sales proceeds. I am from california<HR></BLOCKQUOTE>
Contact a tax attorney or CPA. If you sold at a profit, taxes are due unless deferred through installment sale.
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