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Updated almost 3 years ago on .
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How to avoid the Capital Gains Tax
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
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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.