“selling the house last October while the value was high definitely felt great (other than the CA tax bill for capital gains)”
Every state I have lived in if you have lived in the house 2 years or longer and then sell and if you make a huge profit there is no tax to be paid.
We sold a house 3 years ago and made over 150k and did not have to pay any taxes on it.
We sold a house 3 years ago and made over 150k and did not have to pay any taxes on it.
We owned the house for over 23 years. It sold for a bit over 4 times what we paid for it. In the heart of Silicon Valley near Apple in one of the best public school districts in the country. Yes, we far exceeded the exemption on selling a house as far as Federal and California capital gains were concerned.