Hello,
I am wondering if I have to pay capital gains tax on the proceeds of my home that I recently sold. We lived in it for ~ 4 years and sold it. We are looking to build a new home, but it will not be finished by the end of the year. I plan to roll the proceed over into the down payment of the new home, but it will not be finished till next year. Will I have to pay capital gains on these funds?
Any guidance would be appreciated,
Thanks,
David
