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Using proceeds on sale of rental property to pay off another rental property
We would like to sell one of our rental properties (it was a primary residence, but we have not occupied it for 2 of the last 5 years). Can we use the proceeds of this sale to pay off a HELOC that we took out on our primary residence to purchase another rental property and avoid capital gains tax?
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‎September 20, 2024
10:32 AM