Charleston · Situation

What taxes will I owe when I downsize in Goose Creek?

Downsizing in Goose Creek touches two separate tax questions: capital gains on the sale of your current home, which depends on your basis and ownership history, and a new property tax bill on the next home, which resets based on its assessed value and your legal-residence filing. Neither is a fixed number until a CPA runs your actual gain and the county assessor processes your new filing. Brian Beatty times the sale and purchase so both pieces are handled before you close on the new place.

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