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05-02-2017 09:27 AM IrocRob

You can avoid capital gains just by living in the house for two years.

05-02-2017 09:27 AM ronaldo9

i see

05-02-2017 09:26 AM Mike295

like changing residences from one place to anyther you dont get banged. but if its a second residence or a flipper you get banged hard

05-02-2017 09:25 AM Mike295

If you are moving to anoyher house and even if you made a real profit you wont get banged on it.

05-02-2017 09:25 AM Mike295

Its alot of paper work and all but its much better then getting banged on the profit.

05-02-2017 09:25 AM Mike295

Of course you can.

05-02-2017 09:24 AM ronaldo9

you can do that?

05-02-2017 09:24 AM Mike295

then just "buy" the house you live in from the company you made.

05-02-2017 09:24 AM Mike295

So, this is what you do.. incorporate make a company... sell your house you live in to the company. Change your ressidence to the new oone .. then when you are going to sell it you are selling it as a personand wont get bange on profit

05-02-2017 09:24 AM IrocRob

Warren County

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