Selling home, concerned about taxes

Hello, I own a 4 bead house in Rochester NY, in the city and have owned the home for 6 years as a primary res, purchased for 50k Zillow says its worth 120k. The house was recently remodeled I put 5k in it and it’s beautiful. It’s in a borderline area depending on who your asking and I don’t want to deal with the headache of renting it out. I currently rent/live in queens NY and want to sell the Rochester property. I’m concerned about paying a ton in taxes. Are there any sheltering tools or tricks to help?

submitted by /u/Ortiziemo
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Hello, I own a 4 bead house in Rochester NY, in the city and have owned the home for 6 years as a primary res, purchased for 50k Zillow says its worth 120k. The house was recently remodeled I put 5k in it and it’s beautiful. It’s in a borderline area depending on who your asking and I don’t want to deal with the headache of renting it out. I currently rent/live in queens NY and want to sell the Rochester property. I’m concerned about paying a ton in taxes. Are there any sheltering tools or tricks to help? submitted by /u/Ortiziemo [link] [comments]

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