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re: Capital gains question on real estate
Posted on 4/26/24 at 10:09 pm to Lsut81
Posted on 4/26/24 at 10:09 pm to Lsut81
quote:
I remember right, and I'm sure we will have a CPA correct me, you pay nothing in capital gains if you've lived in the house 2 of the last 5yrs.
There's an exemption amount. Also, if you live in it less than two years, you can prorate the exemption which still may cover the full capital gain.
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