Hello,
My wife and I got married this year 2023 and we each have had a home in our names individually. We sold my wife's house one week after we got married this year (equity from sale less than amount to trigger CapGains), but she also has another house deeded to her free and clear last year 2022 from her mother. We are looking to sell that home, use the proceeds to buy a new house my wife and I will live in, then move her mom into our current house. Looking for any advice on the least amount of tax implications and if our current home can/should be setup as an investment property to pay minimal taxes. Thanks!
