Hello,
We bought a home on 06/2019, after our family outgrew the condo we sold it on 06/2021 for a profit and on 10/2021 we bought a new home as we waited for it to be built, I figured we would owe capital gains tax on the sale of the home but as I was going through TurboTax and answered the questions it either said I was exempt from the capital gains taxes or there was also an option to differ the taxes if we were planning to live at the new home for a certain amount of years. Is this correct?
