Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel
laRue
RS
Hit
fightlite
aim
CA
jt
springfield
GS
VP
vortex
geissele
midwest
primaryArms
delton
JRH
bravocompany
magpul
SDS
brownells
troy
palmetto
silencerShop
skd

CA
LAPG
THBRD
springfield
dsa
geissele
blackhills
LAPG
SAS
Pro2A
fightlite
brownells
bravocompany
jt
silencerShop
RS
palmetto
primaryArms
cmmg
gray
ar15com
JRH
Faxxon
bravocompany
cmmg
tnvc
trijicon
GS
Users Online4859 Online
bravocompany missing Hydra
Page Hometown » Texas
Archived [ARCHIVED THREAD] - Closing on my house next week...Sales Tax?
Posted: 6/16/2021 11:55:17 PM EDT
Am I gonna have to pay state 'sales tax' on the sale of my primary residence?

It's not a rental or investment property and as such isn't subject to capital gains taxes.
Link Posted: 6/17/2021 12:29:17 AM EDT
[#1]
If it was your permanent residence 2 of the last 5 years the gains are not taxable. There is no sales tax.

Link Posted: 6/17/2021 1:16:27 AM EDT
[#2]
You technically paid a Texas "sales tax" when you paid for your pro-rated share of property taxes which the buyers get to claim as a federal deduction on income.

Link Posted: 6/17/2021 1:20:02 AM EDT
[#3]
Thanks, guys!! That's kind of what I suspected, but I wasn't sure because of some verbiage in the Title Company documents package I have. It was pretty ambiguous.
Archived [ARCHIVED THREAD] - Closing on my house next week...Sales Tax?
Page Hometown » Texas
Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
primaryArms
THBRD
geissele
LAPG
gray
brownells
Faxxon
CA
springfield
palmetto
LAPG
RS
Pro2A
bravocompany
jt
fightlite
SAS
blackhills
dsa
cmmg
silencerShop
JRH
ar15com
missing
AR-15 AK-47 Handgun Precision Rifles Armory Training Competitive Shooting General Outdoors Archery Hometown Industry

About AR15.COM

Become an AR15.COM Team Member

AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.

From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.

Stay Connected

AR15.COM Facebook AR15.COM Twitter AR15.COM YouTube AR15.COM Instagram
Pepperjam Verification

Newsletter

Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.

Contact Us

Advertising
[email protected]
General
[email protected]

Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.

AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.

Advertising Memberships ARFCOM Shop Gear Deals Virtual Weapon Build Discussion Forums Help Privacy DMCA About Your Privacy Choices California Consumer Privacy Act (CCPA) Opt-Out Icon   Goat Signal
** When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs include, but are not limited to, the eBay Partner Network and Amazon.
Top Top