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re: capital gains tax....help

Posted on 3/23/14 at 9:16 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 3/23/14 at 9:16 pm to
If you lived in house for 24 out of last 60 months, you can avoid gain up to 250K if you are single, 500K if you are married.

If you have not lived in the house for 24 months, and you have a gain, consider yourself lucky, pay the tax, and move on. =)
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