Glad to see you went your own route pre crash because you wanted what is best for your clients. This may he more appropriate for a CPA or tax professional so no worries there.
My gf and I recently sold our house at an $85k profit. We are using a chunk of that for a down payment on the new house and plan to keep approx $27k in our account for safe keeping, emergency, etc. Would either of these (the total gain, or the amount not used as a down payment) have any tax implications?
From what I've read, aince its under 250k we should be fine.
Also, if we wanted to invest say $10k, what would you reccomend for the largest growth possibility? (30m and 27f, no kids, only debt would be mortgage, roughly 9k car loan and my student loans approx 20k)
ItsADryHeatTheySay0 karma
Hi there!
Glad to see you went your own route pre crash because you wanted what is best for your clients. This may he more appropriate for a CPA or tax professional so no worries there.
My gf and I recently sold our house at an $85k profit. We are using a chunk of that for a down payment on the new house and plan to keep approx $27k in our account for safe keeping, emergency, etc. Would either of these (the total gain, or the amount not used as a down payment) have any tax implications?
From what I've read, aince its under 250k we should be fine.
Also, if we wanted to invest say $10k, what would you reccomend for the largest growth possibility? (30m and 27f, no kids, only debt would be mortgage, roughly 9k car loan and my student loans approx 20k)
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