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Capital gains tax question for sale of house

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05-16-2007, 05:13 PM

snowbank

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Join Date: Apr 2004

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Re: Capital gains tax question for sale of house

[ QUOTE ]
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.

[/ QUOTE ]

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