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Y probably know this, but make sure you qualify for the tax exclusion (lived in it a full two years during the 5 years previous to the sale, etc.). If you get a 1099-S your broker probably hosed something up. I have a friend who hosed that up (didn't meet the requirements) and had to pay income taxes. Assuming that is fine, pay off the 5.7% debt. Like SiGmA_X says that is a guaranteed rate of return and 5.7% isn't bad. For a guaranteed return it's quite good actually. Then put aside a 6 month expenses emergency fund and if anything is left look to tax-advantaged (retirement) and taxable investments in that order.
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Mar 14, 2018 15:47
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Thesaurus posted:It's actually 5 of 8 years now, thanks to the new tax bill. And no, it doesn't grandfather you in if you bought house before thr bill. It didn't make it in, no. Still 2 of 5 years, and 250/500k cap.
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Mar 16, 2018 19:37
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