Most important residence requirement: The regulation enables you to exclude the take advantage of your taxable income provided that the home was your primary residence (you lived in it for two of the five years top up on the sale, therefore you didn't presently declare an exclusion on Yet another house in the final two years).Even though the MLS de
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When selling at the two-year mark, the most significant advantage is you may qualify for that capital gains exemption in case you lived in the house for at least two of your previous 5 years before the sale.If you're able to hold out to sell the home after two years, any gain beneath $250,000 will not be issue to capital gains taxes. Provided that
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