Tax
Hello
We flipped a few properties on the lake within the last 10 years what we did to avoid paying capital gains was to do a 1031 exchange it rolls over the capital gain into the next property as long as that property was worth more than the one you sold and is considered a like-kind property
We recently sold the place in Laconia and I didn't have enough time to do a like-kind Exchange 1031 so I had to pay the capital gain and recently just purchased a waterfront in moultonborough I could not find a place in time to do the 1031 exchange you have to enroll that money into an account when you sell and then use it to purchase within a certain amount of time
So you will have to pay Capital Gains on what you sold if it was not your primary residence I'm not a CPA but that's what happened with us over the course of three properties in 10 years
Good luck in your search for a new property
Dave
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