Home Sales Capital Gains Taxes

[Susie Bright]

Hello folks this past Dec 2018, in Los Angeles CA, we found a great deal on a home and we bought it. Then the second week of January 2019 we sold our main home and used that money to pay the one we bought. I was told that we can save 28% or so on capital gain.

Can someone please advise me what we need to do so we don’t have to pay it? We were also told that we only have 6 months, from the time the home was sold, to capitalized on this opportunity.

Thanks so much for any tips!

Suzie