QUESTION
if i sell my house in nj are there any state or federal penalties or additional taxes i would have to pay i heard with obama there is going to be
Asked on Nov 22nd, 2012 on Real Estate - New Jersey
1 ANSWER
2 Awards
There could be capital gains taxes, or other taxes depending on your income how long you have owned or lived in the house, and whether or not you are moving out of state. I cannot give an answer without more information.
Answered on Nov 23rd, 2012 at 6:22 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship