Hi, I hope I am posting this in the right location. As I understand it, you can mitigate capital gains impact after selling a home by putting that profit into the purchase of another home. But what about if you buy the new home before you sell the original? We are going to be leaving California and going to Texas. Because of our personal situation, we need to purchase a new home in Texas before we can sell our place in California. Does anyone know how this situation will apply to the capital gains laws?
If I did not include enough detail or more info is needed, please let me know.
Thank you!
If I did not include enough detail or more info is needed, please let me know.
Thank you!