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Tax implications on selling a house in florida

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M

mrmrsflweb

Guest
we live in florida and are building a house. we would like to know what kind of taxes we would pay if we sold the house before ever moving into the home.
Thanks,
Margaret Magras
 


L

loku

Guest
If you sell the house before moving in, you would have a taxable capital gain equal to the excess of the selling price over your basis (cost) in the house and the cost of selling it.
 
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