I'm looking for clarification of the CO State Tax. A 2% of sale price with the exemptions including - single owner, primary residence in 2 of last 5 years. Am I interpreting this correctly that short term owners will pay dearly or is there a way to move before a 2 year period and not be subject to this tax?


Same basic question for Federal Tax. What are the ways of short term primary residents to sell house and not be taxed on the equity?

My understanding is that the 2% has to be paid by non-resident owners when the property is sold. (ie. owns a vacation home in Vail and lives in San Diego and is a San Diego resident.)
It used to be where non-residents buy up properties, sell them at huge profits and the state does not collect a dime, hence the change a few years ago.
As to the 2 out of 5 is a federal, IRS issue.