My question is: US-specific
QUESTION: Hi,
I am in the process of having a home built buy a local builder in AZ. There
is only a couple of weeks until the closing date and I have decided to go
into business with a partner but we would plan on moving the business to TN
due to land costs. I am currently renting an appartment since i sold my
previous home of seven years. I own no other residences and "planned" for
this to be my primary home. Will I be able to avoid capital gains if I just
flip the home and move to TN? Thanks!
