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Message
re: Best option with house sale profit
Posted on 2/27/19 at 8:09 am to SMACKYtheFROG
Posted on 2/27/19 at 8:09 am to SMACKYtheFROG
Pay down all your debt or the interest on your mortgage will be high
1
Posted on 2/27/19 at 11:44 am to Upperdecker
Won’t he have to recognize the gain from the home sale as taxable income?
He won’t get the benefit of a like-kind exchange if he uses it for anything other than a home purchase.
However, if you have high interest rates on any debt, this could make sense for you.
He won’t get the benefit of a like-kind exchange if he uses it for anything other than a home purchase.
However, if you have high interest rates on any debt, this could make sense for you.
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