Tax Gains ?

bigdog · 03-20-2018, 03:04 PM

I know that most folks on this Forum are not CPA's, but this is a general question about selling a property, that I'm sure a number of folks know about......

I recently sold my property at the Lake, but will be buying another soon.
Property sold was considered a second home, and which was never rented.

Questions.....

When I file my 2018 taxes next year, would that property fall under 'Capital Gains' for the IRS ?

What about the state of NH taxes subject to pay, if any ?

Thanks !

03-20-2018, 03:04 PM	#1
bigdog Senior Member Join Date: Apr 2006 Location: Central MA-Gilford Posts: 1,459 Thanks: 357 Thanked 126 Times in 100 Posts	Tax Gains ? I know that most folks on this Forum are not CPA's, but this is a general question about selling a property, that I'm sure a number of folks know about...... I recently sold my property at the Lake, but will be buying another soon. Property sold was considered a second home, and which was never rented. Questions..... When I file my 2018 taxes next year, would that property fall under 'Capital Gains' for the IRS ? What about the state of NH taxes subject to pay, if any ? Thanks !