newbie; taxes; sold inherited property

[Frank James]

Sold home(2) that I inherited, I'm in Texas, i don't qualify for capital gains tax as I already have a primary home(1). My question is how can I avoid the capital gains tax on home(2)? I was thinking about buying new home(3) using money from home(2) ; then selling current home(1). 

[Jim Cummings]

@Frank James. When you inherited the home - you inherited at the "Stepped Up" Basis meaning the current value not the value at which time the previous Owner acquired the place.  

NOTE: Consult a CPA / Tax Advisor for a detailed explanation of your tax liability.