Posted: 8/28/2009 7:18:38 PM EDT
| I know AR15.com is probably not the best place to ask legal or financial questions, but it’s free. If you own a house and you buy another one while you still own the first one, can you sell the first one and put the money towards the new house mortgage and not pay capital gains taxes? If it's less than $500,000 would I be able to use the Section 121 exclusion? |