I closed on my current home on August 28th, 2017 for a price of $321,000. I am now thinking of selling that home and believe I can sell it for $365,000. Would I be responsible for paying capital gains on the net gain from the sale?
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Yes, the exclusion only applies if you live in the house 2 of the last 5 years.
Yes, the exclusion only applies if you live in the house 2 of the last 5 years.
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