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  • Re: I am trying to sell my house i had it for a year. I had a capital gain for $118k. I am married jointly and made total income of 48k.Will i will be tax free or pay taxes
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Deductions & credits

As @Mike9241 stated, you might qualify for a partial exclusion.

 

See https://www.irs.gov/publications/p523#en_US_2020_publink10009000

‎August 29, 2021 11:34 AM
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