https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2658313#M984187 <P>I’m a 79-year-old widow on fixed SS income. We paid $210,000 for our 2-story home in 1995. I own it free and clear. I want to sell it, invest the capital gains, move to a rental in Maui where my daughter lives. The current market value is $700,000. Less $210,000 = $490,000 of which $250,000 is tax exempt, as I understand it. So I will then owe capital gains tax on $240,000, correct? Is there any way for me to avoid paying it?</P> Mon, 09 Mar 2026 11:43:12 GMT c33m00r 2026-03-09T11:43:12Z https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2658313#M984187 <P>I’m a 79-year-old widow on fixed SS income. We paid $210,000 for our 2-story home in 1995. I own it free and clear. I want to sell it, invest the capital gains, move to a rental in Maui where my daughter lives. The current market value is $700,000. Less $210,000 = $490,000 of which $250,000 is tax exempt, as I understand it. So I will then owe capital gains tax on $240,000, correct? Is there any way for me to avoid paying it?</P> Mon, 09 Mar 2026 11:43:12 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2658313#M984187 c33m00r 2026-03-09T11:43:12Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2658375#M984188 <P>Yes, you are correct.</P> <P>&nbsp;</P> <P>You will have to pay taxes on your long-term capital gain of $240k, which is taxed at 15% ($36k). There is no way to avoid paying it.</P> Wed, 06 Apr 2022 17:46:48 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2658375#M984188 MinhT1 2022-04-06T17:46:48Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2717538#M984189 <P>Ask a CPA. There may be a medical reason that you need to move that would help you.</P> Wed, 20 Apr 2022 01:59:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2717538#M984189 medicigregnick 2022-04-20T01:59:02Z