Klarissa - would you like a referral to a local accountant, or an agent in NY who may be able to assist you? Please let me know if I can help. vchrisner@kw.com 703-669-3142

Dear Klarissa,

In regards to taxes, your primary consideration might be one of capital gains. In order to avoid capital gains exposure on the sale of your property, it must have served as your primary residence for 2 of the last 5 years. The important take away is that if you are not selling your home now, you would want to sell it within the next 3 years to avoid capital gains.

Clearly there are other considerations, but from strictly a tax standpoint tI hope that this information will be of help.

Warm Regards,
Carter Ritchie, REALTOR, ABR, GRI, ePRO
RE/MAX Action Real Estate
(804) 339-5700 http://www.carterritchie.com

Klarissa,

You really need to consult a professional tax representative for clear answers to your questions. You can find a lot of general answers through blogs and community websites, but they are just that..general. There are a lot of factors that are unique to your specific situation which come into play. There may be plenty of people out there with a lot of helpful advice, and that is great to have as a resource. However, you will want to make sure that your financial decisions (especially those having tax implications) are made with the appropriate council. Good luck and I hope your move goes well.