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Primary Residence Capital Gains Tax
Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I move. Capital gains tax calculator's are suggesting i'll owe around $25k of capital gains tax.
Are there strategies to help minimize this tax without living in there for 2 years?
Can I pro-rate for the time i've lived there?
453 Option?
Transfer property to S-Corp before selling?
Any advice/help is greatly appreciated!