What is the name of your state? North Carolina
On April 29th it will be 2 years we have been in the house. It is possible that we will be closing on the house before then. The reason for selling is moving to SC. I need to know if we will be exempt from the capital gains tax because we are moving or do we need to wait until
after April 29th to close. We are not purchasing a house right away either.
Also with the money gained on the sell can we just deposit that into any acct or does there need to be a specific acct, is there a specific time limit we have to use this money.
Thanks for advice/help.
On April 29th it will be 2 years we have been in the house. It is possible that we will be closing on the house before then. The reason for selling is moving to SC. I need to know if we will be exempt from the capital gains tax because we are moving or do we need to wait until
after April 29th to close. We are not purchasing a house right away either.
Also with the money gained on the sell can we just deposit that into any acct or does there need to be a specific acct, is there a specific time limit we have to use this money.
Thanks for advice/help.