How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask CGCPA Your Own Question
Category: Tax
Satisfied Customers: 3820
Experience:  over 40 years experience in tax matters
Type Your Tax Question Here...
CGCPA is online now
A new question is answered every 9 seconds

We bought a second home in Beaufort SC. We live in Atlanta

This answer was rated:

We bought a second home in Beaufort SC. We live in Atlanta GA. Could we avoid any taxes by putting our atlanta house up for sale so we would be in "transition." We plan to become residents of SC and retire there when our house in atlanta sells. It may take months or even a year to sell.

Welcome to Just Answer. I am here to help you resolve your tax and finance concerns. Please feel free to ask anytime you need extra help.


There is no provision in the law for "transition". You will not be a SC resident until you actually move there. Until then you are a GA resident.


However, all is not lost. The mortgage interest and real estate tax deductions apply to a first and second home. Therefore, you will be entitled to claim these deductions for both homes on your income tax returns. While this will not avoid any taxes it will help reduce the income tax burden you are faced with.

CGCPA and other Tax Specialists are ready to help you
Customer: replied 4 years ago.

There is one more paragraph I would like you to see:

It reads:

The easement, to be of the nature and character herinafter further expressed, shall constitute a binding srvitude upon said Premises of the Grantor, and to that end Grantor covenants on behalf of itself, its successors, and assigns, with Grantee, its successors, and assigns, such covenants being deemed to run as a binding servitude, in perpetuity, with the land, to do upon the Premises each of the following covenants and stipulations, which contribute ot the public purpose in that they aid significantly in the preservation of the Builsdings and surrounding land area, and which help maintain and assure the present and future historic integrity of the Buildings.

Thank you.

This is a property use restriction. It has no income tax bearing. To determine exactly what the restrictions are and how they may effect your future use of the property you should see a real estate attorney.
CGCPA and other Tax Specialists are ready to help you