Capital Gains vs Primary Residence

[Cory Yancy]

My wife and i are in the process of purchasing a new home.  Since the start of out building process the value of the homes in the area has increased $70k to $80k. We are thinking about putting out new house back on the market and see if we can make $80k profit.  The question is, how long do we have to live in the house as our primary residence to avoid capital gains on the property.

[Dusty Bowling]

2 years