Hello All
I have a bit of money saved in the stock market. All in various types of stocks and mutual funds.
I am looking to purchase a house and want to pull out around 50-60k. Depending on the stock, I would be subject to either long/ short term capital gains.
I also have quiet a bit saved up in my 401k and RothIRA.
The questions:
1) Is it ever a good options to pull money from 401K or Roth IRA if you dont need to?
2) This will be my first home, can I qualify for first time home owners lending programs?
3) THE BIG QUESTION - How do I avoid the taxes on the stocks either long term or short capital gains tax? Do I qualify for a 1031 exchange?
Thank you in advance for your help!
Submitted July 13, 2018 at 01:56AM by M1tt1 https://ift.tt/2utiIpa
