Quote:
Originally Posted by zx10guy
Which leaves my second home/vacation property. I could easily sell that off as I really don't need a second home. Very few people have a "need" for a second home. But again, there's no incentive for me to take the equity and appreciation in the property value and cash out. I'd get raped with taxes. If the Feds extended the tax free capital gains for primary homes to second homes, then I'd seriously consider selling.
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Change your primary residence to the second home for a couple years. As long as it was your primary residence two of the last five years (as of sale date), no capital gains taxes!
