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I am getting killed on Cap gains on our house sale. We don't qualify on the "owner / use" clause of 5 and 2 years, and have no investment property we want to buy. Any other options to reduce the tax hit? Really need to reduce the capital gains.

So you haven't been living in it 2 of the last 5 years? Has it been empty, or have you rented it out?

If you rented it, your situation might be worse than you think if you haven't accounted for depreciation and recapture.

You might be able to offset the gains with losses on other investments, if you're selling any of those. Other than that, you're stuck.

Could be worse, you could have lost money on the property and not have any capital gains to be taxed...
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