I sold my home in August of 2016. When can I sell my current home, and not pay capital gains tax? Also will this change with the new tax code just passed?

davidvbarr — Thu, 06 Jun 2019 14:36:02 GMT

If you are asking when you can sell an additional primary...

Zbucklyo — Thu, 06 Jun 2019 14:36:04 GMT

If you are asking when you can sell an additional primary residence and be eligible for the exclusion from capital gains tax - the answer is two years after you took the capital gains tax exclusion on the sale of a personal residence. In this case, if you have lived in the house for two years since August 2016, it would be sometime in August 2018 - assuming you otherwise qualify.

No changes in the pending tax legislation.

topic I sold my home in August of 2016. When can I sell my current home, and not pay capital gains tax? Also will this change with the new tax code just passed? in Deductions & credits

I sold my home in August of 2016. When can I sell my current home, and not pay capital gains tax? Also will this change with the new tax code just passed?

If you are asking when you can sell an additional primary...