Follow up question from a new user - we moved recently from our primary residence into our new primary residence. We are listing the old primary residence for sale, but are expecting to put in about 3k in repairs and 3k in staging of some appliances and furniture.
Do you have any thoughts about how to manage those costs for next tax season?
We also only lived in the house for about a year, but owned it for the past six. We sold a different home in early 2024 when I got left the service. Are we most likely subject to capital gains tax because of the recent sale and that we only lived there for a year?
Appreciate any insight, just trying to keep in mind what next year will look like.
