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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
4
Votes
Renat Shamiev
  • Bradenton, FL
4
Votes |
11
Posts

Trying to avoid taxes

Renat Shamiev
  • Bradenton, FL
Posted

I have had this condo since 2011. I bought it for 27k then. I am thinking of selling it now and neighboring units have sold 160k. Until September of 2018 it was my primary residence. So for the last five years at least two of them it was my primary residence (until September). So I am trying to avoid capital Gaines taxes here. So is it true that if I sell the place till September I will not have to pay capital Gaines taxes, since it was my primary residence 2 out of the last five years?

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