I am going through the divorce process and it will be final October 25th 2012, we have used a mediator for the process. Our house is on the market and if sold we each will get about $108,000 out of the property. Will I have to pay Capital Gains tax on this? Do I have to invest the full amount into another property? I am 50 years old and the mediator did not have aan answer for me. Thank You
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