answersLogoWhite

0


Best Answer

The penalty is that you may have to pay taxes on any profits that you make on the house because you didn't live there for two years.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the penalty of selling house after 3 month living in?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much does it cost per month to live in Ireland?

I MoVed there and it all depends what house you are living in..


Where can one find southern living house plans?

The easiest way to find Southern Living house plans is to go to the Southern Living website. The current plan of the month is the Highland Farm. The design is by Todd Wilson.


Average amount spent on groceries in one month?

I would say about 900 - 1200 $ a month for food in my house... I am a college student living alone. I spend about $450 per month.


What month is the best candy selling month?

October or Hallowen


What is the penalty in Kansas for not paying the property tax for 2 years?

In Kansas, failure to pay property taxes for 2 years can result in the property being subject to a tax sale. The county can initiate legal proceedings to sell the property at auction to recoup the unpaid taxes, interest, and penalties. Additionally, the property owner may incur additional fees and costs associated with the tax sale process.


Penalty for assault of deadly weapon?

3 month to 5 years


Will it costs me much living in tamarindo costa Rica?

It depends on what you already own. For instance, if you already own a house and car, then your living expenses would be approximately $1,500.00 to $2,000.00 per month (including house keeping and gardening services).


I owe money in for taxes what are the fees if I don't pay by the 15th?

Very important: File your taxes on time (or at least an extension) even if you can't pay. The penalty for not filing is TEN TIMES as much as the penalty for not paying. If you can't pay, there is a penalty of 0.5% per month or partial month for any unpaid amount. In addition to the penalty, there is interest at a variable rate that is currently 4% per year. The penalty increases to 1% per month after the IRS sends a notice of intent to levy. State fees vary by state.


Are there penalties for filing form 941 late?

Penalties. For each whole or part month a return is not filed when required (disregarding any extensions of the if you have any questions. filing deadline), there is a failure-to-file penalty of 5% of the unpaid tax due with that return. The maximum penalty is generally 25% of the tax due. Also, for each whole or part month the tax is paid late (disregarding any extensions of the payment deadline), there is a failure-to-pay penalty of 0.5% per month of the amount of tax. For individual filers only, the failure-to-pay penalty is reduced from 0.5% per month to 0.25% per month if an installment agreement is in effect. You must have filed your return on or before the due date of the return to qualify for the reduced penalty. The maximum amount of the failure-to-pay penalty is also 25% of the tax due. If both penalties apply in any month, the failure-to-file penalty is reduced by the amount of the failure-to-pay penalty. The penalties will not be charged if you have a reasonable cause for failing to file or pay. If you receive a penalty notice, you can provide an explanation of why you believe reasonable cause exists.


What is classed as living with someone?

If someone sleeps in your house regularly, as in the majority of the week/month/year. Also, if they list that address as their mailing address.


What month they started selling iphone 5s?

September 2013


I need someone to clean my house twice a month?

I need someone to clean my house twice a month