Capital gains tax exemption
Hi Guys,
Do you think it is wise to take advantage of the capital gains tax exemption if you have significant gains in your home at this current part of the cycle?
Purchase price: 438,000
Year Purchased: 2013
Rehab: 25,000
Current Mkt Value: 700,000
The proceeds would be used to fund more buy and holds and potentially some operating capital for flips, etc..