Rrush
Returning Member

Capital gains income limits

I just sold my home and made a profit of 111,000. My husband had been out of work for six weeks and we decided to move to another state to start over. Our combined income for 2022 will be around 36,000. Will we still owe capital gains tax with such a low income. Also we lived in the house for 1 1/2 years and it has been three year since we have taken the exemption selling a home