Thread: Capital gains tax question for sale of house
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Old 05-16-2007, 12:31 PM
TLC TLC is offline
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Join Date: Aug 2003
Location: Virginia
Posts: 106
Default Re: Capital gains tax question for sale of house
It must have served as your primary residence for 2 of the previous 5 years. It does not need to be the last 2 years. The exemption is $250K for single/$500K for joint.
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