Do I have to pay tax on my gain from the sale of my condo.The profit earned was re invested in the next home?
You do not have to pay tax on a gain of up to $250,000 ($500,000 in some cases if you are married and filing jointly) as long as you meet the following requirements.
During the five years ending on the date of the sale:
a. You owned the home for at least two years AND
b. You [...]