We need to sell our home, we bought it 9/2016, is it true that the profit is taxable? If true how can we avoid this. Work relocation covers this?

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We need to sell our home, we bought it 9/2016, is it true that the profit is taxable? If true how can we avoid this. Work relocation covers this?

Simple answer: Yes, work relocation of more than 50 miles covers this. The capital gain will not be taxable, unless it's huge (roughly more than $300,000).

TurboTax can handle it.

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We need to sell our home, we bought it 9/2016, is it true that the profit is taxable? If true how can we avoid this. Work relocation covers this?

Simple answer: Yes, work relocation of more than 50 miles covers this. The capital gain will not be taxable, unless it's huge (roughly more than $300,000).

TurboTax can handle it.

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