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Updated over 6 years ago,

User Stats

2
Posts
1
Votes
Cade Schacher
  • College Station, TX
1
Votes |
2
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Capital Gains on Primary Residence

Cade Schacher
  • College Station, TX
Posted

With your primary residence can you avoid the capital gain tax if you have lived in it for less than two years? Would you be able to do something like a 1031exchange but instead of business or rental property it would be on a primary residence? I have been in my house for one year and may need to move in the next year for a work promotion? Optimally if i can i would like to refinance my residence into a 15 year fixed and turn it into a rental and then purchase my primary residence.  Like anyone else I  would like to tray and avoid paying my capital gains tax. Any suggestions?

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