How soon can I sell after purchase of a home? And avoid taxes.

[Christopher Stromberg]

Noob question. I am buying a townhouse, I want to flip. How do I avoid taxes and buy another home with the proceeds?

[Jon Holdman]

You don't.  If your intent is to fix and flip the net profit is taxed as ordinary income.  Houses acquired for fix and flipping (or just flipping, if there's no fixing) are treated as inventory, same as a shoe store.  You pay federal, state, and local income taxes as well as self employment taxes.