williams_95136
Member
What is the name of your state? CA
I own a 4 plex in San Jose, ca 70% for me and 30% for my brother. I have been living in it for 7 years one apartment is mine, one is my brothers and two rented, and I am planing to sell it. I have asked two professionals about the income tax I have to pay. one told me that I do not have to pay income taxes since this is our primary resident. and the second told me that I have to pay taxes on 50% only. how is accurate.
thanks
I own a 4 plex in San Jose, ca 70% for me and 30% for my brother. I have been living in it for 7 years one apartment is mine, one is my brothers and two rented, and I am planing to sell it. I have asked two professionals about the income tax I have to pay. one told me that I do not have to pay income taxes since this is our primary resident. and the second told me that I have to pay taxes on 50% only. how is accurate.
thanks