Not for 2 years I wouldnt make anything now because of California tax laws Capitol gains law Have to live here 2 years Only 1 year until next June
I'm not a tax expert, but I can provide some general information. In California, there are specific tax laws related to capital gains. If you sell certain assets, like real estate, within a certain timeframe, you may be subject to capital gains tax. One requirement is that you must have lived in the property for at least two years in order to qualify for certain exemptions. If you sell before meeting this requirement, you may be liable for capital gains tax.
It's always a good idea to consult with a tax professional or accountant who can provide personalized advice based on your specific situation and the current tax laws. They can help you understand the implications and potential tax consequences of selling a property before or after meeting the two-year residency requirement in California.
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