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Home Sales And Capital Gains

By BARRY LISAK
Posted 6/1/18

What is the best tax break available to John and Jane Taxpayer? If they’re homeowners, it’s selling their home.

When you sell your primary residence, you can make up to $250,000 in profits if you’re single, $500,000 if you’re married, and not owe any capital-gains tax. Here are some specifics:

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