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Updated about 11 hours ago,

User Stats

4
Posts
1
Votes
David Williams
1
Votes |
4
Posts

Capital gains question

David Williams
Posted

If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,

And then I sell the house for $700k

I would only have $250k profit right? Then I’d avoid capital gains tax in Massachusetts?

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