Updated over 4 years ago on . Most recent reply
Selling a home - capital gains
Hello all, has anyone had experience selling a home that you lived in for less than a year and sold due to job relocation? Do you know if you can avoid capital gains at all with this scenario? Or is there any way you can avoid capital gains? I know the two year rule exists but the market is extremely hot and now would make the most sense to sell as opposed to hanging on as rental. Thanks!
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@Bill Brandt
It’s in CA so I’m sure there will be taxes. Thanks for the help. It appears less is payed in taxes than I thought since your profit is actually everything after the closing fees are given out.