Do I pay taxes if I buy a new home after selling my home?I know that if you wait for two years, you don't pay any taxes. But I'm not happy with the home I bought a few months ago and want to resell it. It's valued now 50k more than what I originally paid. If I sell my home now and use all the money to buy another home, will I be taxed because of the 50k profit?I'm asking because, in reality, I wouldn't make any profit. I mean, I'd use the entire 50k to cover the sale of my home and purchase of my new home.October 01 2012 - North Hollywood00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.