House is under contract for sale. Already purchased another. Plan to use money from this sale to paydown mortgage on new one.
If I reimburse my savings do I incur tax?
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House is under contract for sale. Already purchased another. Plan to use money from this sale to paydown mortgage on new one.
If I reimburse my savings do I incur tax?
I used money from my savings to pay downpayment on new house and would like to bring savings back to pre-buy level using money from sale of current home. Wondering if this will incur tax.....
House is under contract for sale. Already purchased another. Plan to use money from this sale to paydown mortgage on new one.
If I reimburse my savings do I incur tax?
If this is just a regular savings account then nothing you will do needs reporting. If this is from a retirement plan of some kind then post back.