New Construction Primary Residence Capital Gains

[Karan Sakhalkar]

Hi All

I signed a purchase contract for a new construction home with a builder few months ago. The price of the same home I am building has gone up by around $150k as per the builder current pricing. If I decide to sell this house once it is ready in a few months will I have to pay capital gains taxes if I decide to close on the house and sell right away without moving in? What are some other options to avoid paying capital gains?