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re: Will move in next 2 years, tons of equity, 3.00% note, best way to capitalize?
Posted on 6/9/23 at 11:10 am to PistolPete45
Posted on 6/9/23 at 11:10 am to PistolPete45
You will not pay capital gain taxes on a sale if this was your primary residence for 2 out of the last 5 years. You could rent it for a few years and keep your 3% mortgage. If you rent it long-term, you will lose the ability to have a tax-free sale.
1
Posted on 6/9/23 at 11:04 pm to tigerrocket
I thought if you rent it for more than 5 years you can become eligible for a 1031 in kind exchange?
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