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JackF
Joined: Apr 23, 2008
Total Posts: 1
0 Points
Hi, I bought a home last Septmeber 2007. Since then my wife has passed away. I what to sell the house. Would there be any tax to pay.
robkosberg
Joined: Jun 22, 2008
Total Posts: 2
100 Points
So sorry to hear about your loss.

The answer, of course, depends on what you sell the house for. If you make a gain (which is difficult with recent purchasers in this market) then you could have capital gains if sold prior to 2 years.

Always consult your accountant about specifics.

Good Luck in your situation.
Mark Cussen
Joined: Sep 03, 2007
Total Posts: 67
1000 Points
You may want to wait until the 2 year period has been satisfied if you don't qualify for the capital gain exclusion. Just a thought.