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Hi - My husband and I bought a home in NC last year. We owe about $300,000 on the mortgage. We own a home in the Seattle area that is paid off and rented. It is worth about $450,000. We are interested in selling it but we would have to pay capital gains tax unless there is a legit way to not pay. We are not very interested in buying investment/rental property if we sell but would prefer to pay off our current mortgage.

A relative said it might be better to sell when we retire. My husband is 57 and I am 52.
Thank you for any advice you can give!
Darcie
 

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I suggest you speak to your tax or investment advisor. They will be able to point you to options available in your state.
 
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