An investor who has owned a property for two years and then sells for a gain most likely will pay:
A) pay capital gains taxes
B) defer the payment of taxes
C) pay only California, not federal taxes
D) not pay taxes as a sale for cash qualifies as a 1031 exchange

Question

Quizplus · Accepted Answer

An investor who has owned a property for two years and sells it for a gain will most likely pay capital gains taxes. The capital gains tax rate depends on the investor's income tax bracket and how long they've owned the property.

An Investor Who Has Owned a Property for Two Years