Here’s how to avoid capital gains on your home. If you bought your home within the last 2 years and fixed it up, you might owe uncle Sam up to 30% of your profit on the resale of your home. Lets walk through it. If you bought a home for $200,000 and a realtor is now telling you could sell it for $300,000 after you have made repairs and appreciation, you might want to live there for a full 2 years so you don’t have to pay any taxes on the sale. If you need to move, make sure you document how much you have invested into the house. If you have paid contractors and materials an additional $75,000 to fix up your home you can write that off. Then you only owe the taxes on the remaining $25,000 which will be a lesser amount. 

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