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Sam Harover
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10
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Selling home purchased with USDA loan

Sam Harover
Posted

I purchased my home 13-months ago. I was looking into selling it for various reasons.

I purchased it with a USDA loan. I’ve read some things about the owner occupancy but can’t find any timeline. Is there any issue selling a home purchased with a USDA loan after 1-year?

If I sell it under the 2-year mark and profit, will I have to pay capital gains tax (Georgia)?

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