▲ 0 r/TaxQuestions
Looking for insights on how to handle capital gains tax on a soon to be sold house. Here are the details that I think are pertinent:
The house was a rental property for 6 years.
The house is in GA and I have lived in SC during the time the property was a rental.
I am planning to use the proceeds on home improvement projects on my current house I'm SC.
If the funds from the sell and designated for home improvement projects - is there any tax relief that can be had?
u/Capsian84 — 9 days ago