I recently sold my home I live in and won’t be buying another home, I owned the home for 9 years and it was my primary residence, I made less than $40 000 in 2023, what are if any the capital gains tax implications
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There are probably no capital gains implications. You won't pay taxes on the first $250,000 (also known as a gain) you make from the sale of your home (or the first $500,000 if you're Married Filing Jointly). That income is free and clear as long as:
TurboTax will show you if your home sale is taxable by following the instructions provided:
You should qualify for the home sale (Section 121) exclusion; the entire gain should be tax-free.
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