Forum Discussion

blctex's avatar
blctex
Explorer
Apr 04, 2017

Could use a little help with my Full timing scenario

I will try to make this as short as possible. We currently own a house in a small town in East TX. The wife has stayed there for the last 3.5 years while I have been spending most of my time in an rv...
msmith1199's avatar
msmith1199
Explorer II
Apr 08, 2017
cmcdar wrote:
There is one more thing you may want to think about and that is If you sell your house and do not reinvest any money you gain on the sale you will be nailed with a capitol gains tax.

I have seen a number of folks end up renting out their home.


Only if you have more than a $500,000 gain if married filing jointly.

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