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Posted on: 21st Mar, 2008 04:18 pm
Where do I look to find the laws in regards to paying taxes for a first time selling of a home or if there is a way that a person may be exempt from those taxes?
Hi judylh,

Welcome to the forum.

After selling the property if you profit any amount then you will have pay capital gain tax. But you can get capital gain tax exemption on the sale profit for up to $250,000.

Check put the Capital gain tax exemption limit at

Feel free if you have any further questions.

Best of luck,
Posted on: 22nd May, 2008 02:48 am
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