House selling tax strategy

[Stephen Kozlowski]

Didn't know if any of you could help me out with this scenario / example:

Person A purchases a home in year "X" and this person sells the house for a profit (say 25k) after owning it for 11 months (<1 year = capital gains tax). Person B purhcases a home in year "X" and this person realizes he could sell the house for the same profit the same time Person A does, but waits 12 months and day before selling it for the same profit (>1 year = taxed on ordinary income). Also, person A and B are living in this house at the time. Which strategy is better if both Person A and B fall within the 25 percent tax bracket?

It seems obvious that Person B's strategy is better? But by how much? Is it worth waiting for Person B? (Is there enough information to know whats better?)

Any advice would be greatly appreciated.

Thanks!

Steve