Submitted by cleaningupmess2023 t3_127wq6i in personalfinance
CookieAdventure t1_jegjogi wrote
Let’s revisit the home sale.
You currently own a home with a mortgage. What happened to the money from the sale of the previous house?
cleaningupmess2023 OP t1_jeglmj6 wrote
58K of Student loan debt was paid off. What I have left is what remained.
JCDexter t1_jegun9s wrote
Please tell us that it was the 13.4% loans and that you didn't pay off your lowest interest debt. That will be the only silver lining here. Nothing else makes sense.
[deleted] t1_jeh3fxm wrote
[deleted]
CookieAdventure t1_jegnl84 wrote
Did you go through the entire publication 523 calculations to determine how much was actually taxable?
sirzoop t1_jegzciy wrote
Honestly a respectable answer but in hindsight you need to remember to save money to pay taxes from money you make. Go to the IRS website and set up a payment plan it's pretty easy if you create an account online
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