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The perfect storm brewing… (media.greatawakening.win) N C S W I C

posted 2 years ago by JordyTheCat 2 years ago by JordyTheCat +397 / -0

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– sad_apu 2 points 2 years ago +2 / -0

If you live in the house for 2 years and the proceeds from the sale are less than $250k ($500k if you are married filing jointly) then there is no cap gains tax. And the 2 year time requirement only applies if you sold a house prior to your current one. If you were a first time buyer I don’t believe the 2 year thing applies.

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