Not every seller qualifies for the capital gain exclusion.
Karin Price Mueller | NJMoneyHelp.com for NJ.com
Q. I purchased a co-op in New Jersey on February 2, 2022. I have been living here as my primary residence and I’m renovating the apartment. I am thinking maybe I will sell it in a few months. How would it work regarding capital gains tax and exit tax? I’m not married and there would definitely be a profit of at least $65,000.Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia plan to add eastern provinces not viable, says Papua governorIndonesia's plan to create new provinces in its impoverished eastern region of Papua has not been adequately discussed with the local population and is not viable, its governor said.
Read more »
Fugitive Kaitlin Armstrong previously charged with larceny after not paying for $650 Botox procedureArmstrong is wanted in the May 11 shooting death of pro cyclist Moriah 'Mo' Wilson that may have been a possible love triangle scenario.
Read more »
Diamondbacks’ Nick Ahmed ‘still not back to normal’ after bout with COVIDDiamondbacks shortstop Nick Ahmed, who has not played since May 15, is unsure when he can get back in action after testing positive for COVID-19.
Read more »
Ted Sarandos Defends Controversial Dave Chappelle, Ricky Gervais Specials: “Everything’s Not Going to Be for Everybody”'Nobody would say that what he does isn’t thoughtful or smart. You just don’t agree with him,' the Netflix co-CEO said of Chappelle.
Read more »
This Diet Could Stop Colorectal Cancer, New Study Says — Eat This Not ThatYou might be interested to know how one single diet can do wonders, as it can help to prevent or even stop cancer.
Read more »
Tom Cruise's 'Top Gun: Maverick' not far off from real dealThe Tom Cruise film is based on the Navy's TOPGUN program, which was established in 1969 to teach the fleet's aircrew advanced fighter tactics during Vietnam.
Read more »