Sell Now Close November

2 Replies

My market is really hot and my personal home is in perfect price range for a quicker sale. I stand to make $80,000 when I Sale, BUT I’m wanting to close in November when my 2 year homestead mark hits and we will NOT pay any capital gains tax!! What are some ways I can sell now and close November to dodge the tax??
Originally posted by @Jason LaRue :
My market is really hot and my personal home is in perfect price range for a quicker sale. I stand to make $80,000 when I Sale, BUT I’m wanting to close in November when my 2 year homestead mark hits and we will NOT pay any capital gains tax!! What are some ways I can sell now and close November to dodge the tax??

 That is a rather specific question with huge implications if someone gives you the wrong answer. I'd pay a few bucks to a local tax attorney to get the correct answer.