All Forum Posts by: Hunter Phillips

I am getting close to selling my primary home and will be making profit off the sale. It has only been my home for 10 months. I am moving to another city for a job that is more than 50 miles away, so I am exempt to being taxed on the money I will be making. Is there any paperwork I need to fill out before selling the home to ensure I do not get taxed on the money? Or will I just have to hire a CPA next spring to make sure my taxes get filed correctly?

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Originally posted by @Aaron K.:

Depends what you plan to do with it, if you want to flip yeah it is probably not a great time, if you want to live in it then as long as you have a steady job and employment and plan to stay there a while you'll probably be fine. Could you kick yourself in 6 months because prices go down? Yes. Could you kick yourself in 6 months because prices recovered? Yes. As long as it is a low risk purchase you'll most likely be fine.

Yes, I am planning on living in it and that is why I am on the fence right now. Thanks for the quick reply!

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I am currently looking for a single family in the Boise area, but I am starting to get worried about the possibility of the bubble bursting.

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Awesome! Thanks a lot for the quick reply!

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I just moved to Boise, ID and am trying to find the best bank for checking and savings account and also a bank to eventually get a home loan from. Thanks!

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All Forum Posts by: Hunter Phillips

Hunter Phillips has started 3 posts and replied 6 times.

Post: Capitol Gains Tax On Primary Residence

Post: Is now a bad time to buy a single family home?

Post: Is now a bad time to buy a single family home?

Post: Is now a bad time to buy a single family home?

Post: Best Banking in Boise

Post: Best Banking in Boise