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If you meet all the criteria to exclude the sale of your home, you will need to go back through and double check your answers. How much profit did you gain on the sale of your home? Did you enter your cost basis to lower your gain?
To claim the home sale exclusion the following must apply:
If you do not qualify, the rest of your income will play a part in the tax rate. This would be a capital gains sale so your tax rate would be between 0% and 20%. The capital gains rates are as follows based on income
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