Updated almost 5 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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@Wayne Brooks Wayne makes a good point. What is your actual/expected capital gain (sales price less your cost basis/purchase price). Properties are selling well above list, a fraction of say $250k is still a lot.
Good luck.