Portland Property: Should I Sell or Rent It Out? – KCLau.com
“Did you sell your house in Portland?” Did we sell the property or rent it out? Or did we leave it there vacant? It is all about MATH. Before I reveal our decision, let me give you more details. You can analyse it and see if you have come to the same conclusion as ours. The Math of Selling Our House In the USA, there is a capital gain tax for real estate sales. However, there is an exclusion of up to $500,000 tax-free gain, provided that we meet the criteria. Fortunately, when we sell our primary residence within the next three years after we move, we don’t have to pay taxes on the ga...