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Updated over 7 years ago,
HELP NEEDED! Real Estate problem that needs fixing.
To all my BiggerPocket Investors and Professionals, I need feedback ASAP.
(SCENARIO)I have owned a house for over 25 years as a primary residence and want to move and get a new house. I was thinking about renting it out. My realtor said that once I rent it out, I will be taxed at a higher rate when I sell it later. Is this true? and to what extent? I just kinda got the feeling that she is talking me into selling it, so she can make that money.
Any feedback would be appreciated.