How long can you hold on to money that be proffited from the put on the market of a house?
Answers:
Forever. I assume you're conversation roughly income taxes. On that starting place, the IRS wishes to see the profit rolled into another house inside 2 years, however, near the spanking new regulation surrounded by place, you can exclude up to $250K gain as an individual and $500K gain as a married couple. This exclusion can be used again and again as long as you spend the final 3 out of 5 years contained by the house as your primary residence.