10 ms·
>not taxing appreciation on a home sale That's what capital gains taxation captures.
by masonic 4y ago
>not taxing appreciation on a home sale
That's what capital gains taxation captures.
- sokoloff 4y agoThere is an exclusion amount for personal residence where capital gains are taxed at 0% federally. It’s $500K for married couples at the moment. That is likely what GP was commenting on with that clause. https://www.irs.gov/taxtopics/tc701 https://www.irs.gov/taxtopics/tc701
- listenallyall 4y agoNo, not really, as sokoloff stated, there is an exemption from capital gains tax on a primary residence up to a half-million in appreciation.