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I just got a relatively good deal on a house and would like to do a few
upgrades and sell it soon. How big of a factor is capital gains tax? I have
read that if you sell after you've owned the house for more than two years,
you do not have to pay the tax. Is that correct, and how much is the capital
gains tax rate? There is a lot of buying and selling going on now, so
apparently some investors are able to get a good return even with the tax.
I am not an experienced real estate investor, so your advice or links would
be appreciated. Should I wait two years to sell? I am in the St. Louis
area, if location matters.
Thanks in advance,
Muffin
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Capital Gains Tax -- How Big a Factor?
