Real Estate Question

[JonShar]

(Probably only a valid question for those with US knowledge)

 

So...I'm about to sell my house, and should make a profit of around $10-15,000 on it. I've only been here 1 year and 2 months. Will I be subjected to Capital Gains Tax on it? If so, are there ways around that? I'm moving for work, and I can probably put the entire profit into the downpayment on the new house.

 

Ideas?

 

P.S. If you work for the IRS, I'm just kidding about all of this.

[JonShar]

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[Knox_Harrington]

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