[jelliclesfarm]

Will the proceeds for the home owner be taxed as capital gains?

[sam_schneider]

Yes.

[jelliclesfarm]

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?