I turned my primary home that I lived in from 2009 to the summer of 2017 and I bought another home that same summer 2 months later. I recently sold that home at the end of 2019 and was wondering if I will owe any capital gains taxes. I sold it for a profit of about 30k over what I originally bought it for in 2009, but could not keep renting it due to debt. is there a time limit and/or amount of $ gained or some rule that would apply to my situation that would cause me to have to pay a capital gains tax? I'm in California by the way. if there's something different between state and federal.
