Quote:
Originally Posted by mrkajz44
The replacement property rules apply for business only. So if you are just buying a new vacation home, those rules would not apply.
With a vacation home, unless you use your principle residence exemption on it (and forgoing it on your actual home), you pretty much pay tax every single time.
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...unless you're selling it for a loss of course. Which could very well be the case these days with the vacation home market where it is.