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A comment on Launch HN: Homestead (YC W20) – Lot-splitting to build new housing supply. Parent comment

Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by jelliclesfarm on Friday January 07, 2022 @05:59PM (#29846108)
Will the proceeds for the home owner be taxed as capital gains?
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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by sam_schneider on Friday January 07, 2022 @07:48PM (#29847245)
Yes.
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Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by jelliclesfarm on Friday January 07, 2022 @08:35PM (#29847590)
So that’s 20% capital gains as it’s probably going to be long term capital gains. There is no 1031 exchange taxes deferred.

Will it be before or after your 20%? It’s not the primary residence so would they still be able to claim the 250k/500k deduction?

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