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Feb 25 2020

#Capital #gains #on #real #estate-Capital gains on real estate

Capital gains on real estate Is It True That You Can Sell Your Home and Not Pay Capital Gains Tax? Is It True That You Can Sell Your Home and Not Pay Capital Gains Tax? It is true in most cases. When you sell your home, the capital gains on the sale are exempt from capital gains tax. Based on the Taxpayer Relief Act of 1997, if you are single, you will pay no capital gains tax on the first $250,000 you make when you sell your home. Married couples enjoy a $500,000 exemption. There are, however, some restrictions on …