|
Registered
Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
Posts: 10,383
|
All profits have to go into the new property. You can hang onto, say $20k, but you'll have to pay capital gains on that. The new property must cost more than the one you're selling, and your debt on the new property must be greater as well.
__________________
'95 993 C4 Cabriolet
Bunch of motorcycles
|