Long Term Capital Gains question Hi- Im in north carolina. Im looking at buying a new home in June 2018 however I havent been in my current home for the minimum 2 years. Im expecting to sell for 250k and purchased for 145k. I have several receipts to show improvements and write offs. I would split the proceeds with my partner. Is there anyway i can reduce my long term capital gains or eliminate them? What should I expect as far as a bill? Is there anyway to exclude the sale? |