Hi guys,
Hope you guys can please advice me in this situation.
I bought my first home in Sep 2018 for 600k to live there with some renovate then I sold it in July 2019 for 680k.
I bought a second house to live in August 2019 for 650k and just sold it for 720k.
I'm looking for another house this month, budget in $750.
I live in all houses before sold it with some renovate. My question is:
1) Do I have to pay for tax if I buy more expensive house?
2) How can I minimum the tax please?
3) If I sell the next house, do I have to pay tax?
Appreciate for your advice.
Hope you guys can please advice me in this situation.
I bought my first home in Sep 2018 for 600k to live there with some renovate then I sold it in July 2019 for 680k.
I bought a second house to live in August 2019 for 650k and just sold it for 720k.
I'm looking for another house this month, budget in $750.
I live in all houses before sold it with some renovate. My question is:
1) Do I have to pay for tax if I buy more expensive house?
2) How can I minimum the tax please?
3) If I sell the next house, do I have to pay tax?
Appreciate for your advice.
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