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Updated almost 4 years ago,
Vermont Capital Gains for Second Home Residents
Hey Guys,
I had a question if anyone had any suggestions. We purchased a second home June 27, 2020 in Vermont. We had planned to use it for ourselves and airbnb, however, I just got a job offer in Washington state and our cabin needs too much for us to try to do being across country and we'd like to use that money for a down payment in Washington. Is there anyway to get out of paying the capital gains or at least make it a lot less. Very new to real estate and did not see this coming and I'm getting really confused with what I have read online, ranges being 2.5%-10% of cost of the gains.
Any help would be great, thank you!
Marissa