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long term capital gain / primary residence
My husband and I have both recently retired in 2018. We are considering selling our home in 2019. The long term gain (all qualified) will exceed the $500,000 exclusion. If we keep our 2019 income below 78,750, the long term gain threshold for married couples, will our tax rate on the excess above $500K be taxed at the 0 rate? I tried modeling this scenario using the 2017 home & business and received two answers one taxing the excess and the other not.
‎November 30, 2019
10:05 AM