Quote:
Originally Posted by nimamilani
yea, but the capital tax exemption is only for 1)if you are the primary resident of that house 2) it only applies to 500 thousand dollars and on the rest you have to pay the tax.
so how can you have tax ride off on a house that you don't reside in, unless you are lying to the state of california. i don't know where you purchase these "properties" but alhambra isn't that high class to have a 3 millino dollar house.
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i reside in alhambra because my parent wont move.. For your INformation, Alhambra Price range from 400 to 1.5 million dollars My investment is all over the state. Some over Uptown Mantallant, NY. La Jolla, SD ca. SF... Florida key . Hawaii. San Marino.. Seattle WA Beverly Hill.. 500K or more only apply to owner who are only have their home for 2 years or less.. Other sale dont apply to California rules.