Brendan Montgomery
Joined: 8/27/2024
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Selling main home and moving to second home
Will capital gains apply if I sell my main residence and move into my second home? I understand that capital gains will apply for the second home if sold for the period that it was not lived in as I can only have one primary residence. However, if I have a retirement property and sell my now main home, I am wondering will I pay capital gains on the now previous main residence?