Selling home and trying to avoid paying taxes
I’m selling my primary residence (I’ve switch my primary residence Back and forth between my 2 Homes). After selling my home I should come out with about $80,000 I’m trying to avoid paying taxes what are some things I can do... I’m trying to keep the money on hand without having to roll the whole amount into another house
I don’t know if I’m reading into it wrong but I’ve read that if you are married and you sell you’re home for less than $250,000 you don’t have to pay taxes? My home is currently worth around $130,000 I owe $38,000.
Any advice is appreciated