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Updated over 1 year ago,
Does sold equity in a property count as income!
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?