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Updated almost 3 years ago on . Most recent reply presented by

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Sean Curl
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How to avoid the Capital Gains Tax

Sean Curl
Posted

I bought my home for 251k in California and sold it for 458k 1.5yrs later. I understand that I'm going to have to pay capital gains tax. How can I avoid paying so much of that tax? Buy a new home?

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,181
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Take your money and flee to Mexico is the only way I can think of to avoid the tax you owe. Buying another house after the fact won't help.

  • John Underwood
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