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Updated over 1 year ago,

User Stats

22
Posts
11
Votes
Enrique Villarreal
  • New to Real Estate
  • San Antonio, Tx
11
Votes |
22
Posts

Does sold equity in a property count as income!

Enrique Villarreal
  • New to Real Estate
  • San Antonio, Tx
Posted

All
I’m considering selling interest my primary residence to a partner in exchange for X% equity. I plan on moving out of the house at the same time and using the money as a down payment on my next primary.  Would this money count as taxable income?

I understand this might be a great question to ask a CPA also, does any one have any recommendations for someone in San Antonio?

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