Not enough information. When did you buy the house? If you bought it more than a year ago, was it rental property that was subject to depreciation? If you bought it less than a year ago, was it a new Villages house where the developer will take most of the profit? How much profit do you expect to get? If you owned the house less than a year, there will be no capital gains because the gain will be taxed as ordinary income. If so, it would probably be better to wait until you have owned it a year. You can do a "like kind" tax deferred exchange, but, unless the capital gain is substantial, it is probably not worth the effort. I would suggest discussing the options with a tax professional because all of these things will affect the decision. Also, your age and overall financial situation are important. In most cases, you cannot avoid the taxes, but you can only defer them to a later time.
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