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Help! Atlanta Taxes!
Sold a home in LA for a clean 120,000$ profit after closing costs (lived there for 2 years!).
But, had to buy a home in Atlanta Ga in a hurry for personal reasons. Because of occupancy rules, I had to get the home as an investment property on my loan even though I plan to live there.
Quick question:
what are the different tax implications for investment vs owner occupied in Ga? Can I claim Owner Occupied even though its a loan for an investment? Our ESCROW is asking for way more money for taxes than it seems I should pay vs online tax calculators. Any info would be awesome, I looked it up extensively and cant figure it out!
Thanks BP!