I am selling my primary home in Sanfrancisco.
I will have a big gain, around $700k.
I know I get the personal home exemption of 500k. But how do I defer the additional $200k?
Any help is appreciated
You don’t, unless you seller finance a portion, which has it’s own risks.
It really depends on your goals and preferences just as much as saving taxes.
That said, talk to your CPA about making an opportunity zone investment. Best time to do it is before 2020.
@Eamonn McElroy thanks.
I am searching for a new CPA so will ask them