All Forum Posts by: Lynell Sonoda

@David Miller Thank you for your advice

@Duc Ong Thank you.

@Lynn M. No we do not...

@Morgan Klein, @John Corey No, this is no longer our primary home. We relocated in 2013 so the exemption would not apply unfortnately. 

@Ashish Acharya Thank you. I will look into that. The home for sale is located in Hawaii.

Hi BP,

I am in the beginning stages of selling my home. I do not have a replacement property right now but was wondering if there is a way to avoid paying captial gains tax without doing a 1031 exchange?

Per my accountant, estimated numbers are:

207k for capital gain

Federal would take 22k

State would want 13.5k

Any advice and help would be appreciated. If more information is needed, I'll gladly provide it!

Thank you!