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Updated over 3 years ago on . Most recent reply

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Andrew Clark
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Primary Residence Capital Gains Tax

Andrew Clark
Posted

Needing some advice on capital gains tax.. I will be selling my current primary residence in a few months & moving over the proceeds to my next home. I will only have lived there for 10-11 months by the time I move.  Capital gains tax calculator's are suggesting i'll owe around $25k of capital gains tax.  

Are there strategies to help minimize this tax without living in there for 2 years?


Can I pro-rate for the time i've lived there?

453 Option?

Transfer property to S-Corp before selling?


Any advice/help is greatly appreciated!

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