My question involves real estate located in the State of: California
Hello folks this past Dec 2018, in Los Angeles CA, we found a great deal on a home and we bought it. Then the very second week of January 2019 we sold our main home and used that money for the one we bought. I was told that we can save 28% or so on capital gain.
Can someone please advise me what we need to do so we donít have to pay it? We were also told that we only have 6 months, from the time the home was sold, to capitalized on this opportunity but don't know if that is true.
Thanks so much!