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Tag Archives: starker

*Tax Quips, Capital Gains Tax, Tax-Free Exchange, Tax-Free Income, Vacations

Profit on Vacation Home

Posted on August 15, 2011August 15, 2011 by TaxMama

Today TaxMama hears from Lucylle in the TaxQuips Forum, with this question. “We want to sell our vacation home in Maine and buy another.  Will we have to pay capital gains tax on it even if we buy another of equal value?”  

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Posted in *Tax Quips, Capital Gains Tax, Tax-Free Exchange, Tax-Free Income, Vacations  |  Tagged *Tax Quips, 1031 exchange, Business/Finance, Capital gains tax, Finance, Free, Internal Revenue Code section, Maine, personal residence rollover, Real property law, Short, starker, starker exchange, Tax, tax answers, Tax Information, tax podcast, tax questions, tax tips, tax-free exchange, Taxation in the United States, TaxMama, trustee, vacation, vacation cottage, Vacation Home 2 Comments
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