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/u/kirklandp
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A bit of a novice here as I look to sell my first owned home. I’m wondering how I can best use the proceeds moving forward.
Selling home in IL - should profit about $100k
Buying in KS via conventional loan. I would rather stick to 20% down and use rest for projects, if possible.
Would using that money for renovating the purchased home, say digging out and finishing a wet basement, count towards deferring capital gains?
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Capital Gains Quesrion
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Selling home in IL - should profit about $100k
Buying in KS via conventional loan. I would rather stick to 20% down and use rest for projects, if possible.
Would using that money for renovating the purchased home, say digging out and finishing a wet basement, count towards deferring capital gains?
submitted by /u/kirklandp
[link] [comments]
Capital Gains Quesrion
Continue reading...