Excess capital gain real state

[fjpuentes1974]

If I make over $500.000 in capital gains from a sale of a primary residency filling jointly with my spouse. 

Can I invest the excess in a new property ? Will I pay capital gain taxes on the excess?
What happens in invest the gains in a two properties, a primary residence and a rental property? Will I have to pay taxes on the excess?

[Mike9241]

any gain over $500K on the sale of a residence where both spouses are entitled to the maximum home sale exclusion is taxable. Period. there is no longer any way to defer or avoid having the gain taxed.   

[NCperson · Accepted solution]

@fjpuentes1974 reinveting the profit does not avoid the capital gain - that rule went out the window in 1997.

you simply owe the capital gain on the part over $500,000

be sure to subtract home improvments that occured over time and your selling costs when determining the gain,