Here's a way someone truly savvy can get some tax-free income even as he sells an old house and buys a new one --- and it's all been blessed by the IRS!
SEll your old house for cash and get a deferral on your caoital gains by immediately buying a replacement home at a price equal to the sale price of the old property.
Do not invest the money realized from the sale of your old home in the new residence. Rather, obtain a mortgage while investing the proceeds from the sale in tax-exempt securities such as municipal bonds.
Deduct the interest paid on the new mortgage as you avoid paying taxes on the income from your municipals or other tax-free investments.
Respectfully
Lee
www.usarealtypost.com