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Originally Posted by DrinkingHARDEST
In the USA you can reinvest your capital gains you make from a sale of a property into another property and not pay tax on it (at least that is what I heard last time I looked into it).
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Kinda. It's called a 1031 exchange and it can be tricky.
If it's your personal property which you lived in at least 2 years in the past 5 you don't pay capital gains taxes on the first $250K in profit if you file single, $500K in profit if you file married/jointly.