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Do you have to pay capital gains tax on the sale of your home?

Benjamin Brooks | 2023-06-13 09:06:52 | page views：1768
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Alexander Wright

Works at Apple, Lives in Cupertino, CA
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.
2023-06-21 09:06:52
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Benjamin Evans

QuesHub.com delivers expert answers and knowledge to you.
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.
Is it true that you can sell your home and not pay capital gains tax ...
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