![]() |
Foreclosure Forum |
|
Property sales tax
Quick question...how would one (IRS) calculate the property sales tax for one who's selling their home. Do they get taxed on the total sale price of their home or just their net (equity) profit? And what would be the tax rate (1.2 - 3.3%)? Thanks, Dannyb Follow Ups:
Post a Followup:
|
Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.
Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com
InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455