Updated over 5 years ago on . Most recent reply
loopholes for capital gains tax or use 1031 exchange on owner occ
Here is the situation. I have a FHA 203k that is for an owner occupied duplex. As it is getting closer to being completed there is a chance i may be moving to another state for work. I was already debating on renting or selling it but decided selling may be best option. i have not had the unit for 12 months from closing. It will be completed in the next month or two and it will have a ton of equity. Im worried about having pay the taxes from the sale. If i do move out of state i will want to use 203k loan again! I'm in indianapolis Indiana and have not idea who i need to talk with about my options available to me. NEED MY BIGGER POCKET COMMUNITY TO HELP