Personal Finance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Downsizing to my rental?
I’m thinking of selling my primary resident and downsizing into my nicest rent house. If I do, I’ll save over a thousand bucks a month! Here’s my question: if I apply the principal from the sale of my PM to pay down my rent house (which is now my primary residence) is it still tax-free?
Thanks!!