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Do you have to pay capital gains tax on the sale of your home?
Questioner：Julian Patel 2023-06-13 09:06:52
The most authoritative answer in 2024
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Zoe Young——Studied at the University of Melbourne, Lives in Melbourne, Australia.
As a financial expert with extensive experience in tax law, I can provide you with a comprehensive answer regarding the capital gains tax on the sale of your home. It's a common question among homeowners, and the rules can be complex, but I'll do my best to clarify them for you.
**read more >>+149932024-05-10 23:54:02 -
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Scarlett Adams——Works at the Global Education Initiative, Lives in New York, NY.
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.read more >>+119962023-06-14 09:06:52
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