Downsize without paying capital gains taxes. Capital gains are 1520% for federal and depending on your state, 10% for state income tax. Increase in income for the year you sell your home causes other problems that you may not have considered.
Michelle Smart EA
Smart Tax Solutions Inc
[email protected]
IRS Publication 523 https://www.irs.gov/pub/irspdf/p523.pdf
IRMAA increase in cost of medicare for high income brackets https://www.valuepenguin.com/irmaame...