u/Capsian84

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:

  1. The house was a rental property for 6 years.

  2. The house is in GA and I have lived in SC during the time the property was a rental.

  3. 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?

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u/Capsian84 — 9 days ago