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Updated 9 months ago, 02/20/2024

User Stats

5
Posts
0
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Francisco Avellan
Pro Member
  • Rental Property Investor
  • Charleston, SC
0
Votes |
5
Posts

Capital Gains Tax Avoidance

Francisco Avellan
Pro Member
  • Rental Property Investor
  • Charleston, SC
Posted

Hi everyone,

I bought my primary residence 8 months ago. I intended to live here for 2 years and then keep it as a rental property. The issue is that a train track runs behind it and the vibration is horrible (literally feels like an earthquake day and night). I do not think it will work as a rental property because of this, so I am thinking about selling it. My estimated profit on the sale would be around 100k. 

Since I´ve lived here for less than 2 years, would there be any way to avoid paying the capital gains tax? Thank you all!

  • Francisco Avellan
  • Loading replies...