FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018. By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
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
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.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.