Thank for the reply. It is difficult to explain the situation in this forum. I am trying to understand the tax implications and what type of tax bracket I would fall into if paying cash for a new home build in 2025 vs. financing over a 30 year period. I will also be buying health care from the marketplace as I am 62 and not yet eligible for medicare. So taking out a large sum in 1 year vs. paying a mortgage will also impact my healthcare expenses. This is why my financial advisor suggested getting input on the tax implications.
