my wife and I are looking to sell our Florida primary residence and relocate to Georgia. We built it in 2020 and owe $155,000, the realtor is saying to list for $1.3 million. After standard deductions of purchase price ($150,000), mortgage ($155,000) and $500,000 tax deduction we could be facing a capital gains tax on $495,000. Is it possible to refinance to pull money out instead of having to pay taxes? On paper that would make it look like we paid the mortgage off instead of pocketing a large chuck. Thanks
