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Updated 6 days ago on . Most recent reply

User Stats

12
Posts
3
Votes
Ruth Schrader-Grace
  • Homeowner
3
Votes |
12
Posts

How to lower capital gains on a primary residence sale

Ruth Schrader-Grace
  • Homeowner
Posted

If I sell my primary I know there will be capital gains after 30 yrs of ownership. We will be able to get the $500k exclusion. Is there a way to reduce that huge capital gain hit? And no we have no plans to rent it for a year or to turn it into a rental at all, as we need the money from the sale to pay cash for the next primary. 

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