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2. Will I Owe Taxes if I Sell My Home? - AOL

   www.aol.com/owe-taxes-sell-home-115700974.html

   What is the capital gains tax exclusion? The tax break for homeowners is called the capital gains tax exclusion. It’s a federal benefit that allows you to exclude up to $250,000 of home sale ...

3. Schedule D: How to report your capital gains (or losses) to ...

   www.aol.com/finance/schedule-d-report-capital...

   As long as you meet some basic residency requirements and your home-sale profit is $250,000 or less ($500,000 for married-filing-jointly home sellers), it’s not taxable and you don’t have to ...

4. Capital gains tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Capital_gains_tax_in_the...

   Section 121 [50] lets an individual exclude from gross income up to $250,000 ($500,000 for a married couple filing jointly) of gains on the sale of real property if the owner owned and used it as primary residence for two of the five years before the date of sale. The two years of residency do not have to be continuous.

5. Selling a rental property? Here are the tax consequences - AOL

   www.aol.com/news/selling-rental-property-tax...

   Selling a rental property is more complicated than selling your personal home. ... You’re not eligible for the $250,000-per-person home sale profit exclusion, and in addition to paying capital ...

6. Taxpayer Relief Act of 1997 - Wikipedia

   en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

   The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years. [4]

7. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   In the United States, there are additional tax incentives for home ownership. For example, taxpayers are allowed an exclusion of up to $250,000 ($500,000 for a married couple filing jointly) of capital gains on the sale of real property if the owner used it as primary residence for two of the five years before the date of sale.

8. Profit (real property) - Wikipedia

   en.wikipedia.org/wiki/Profit_(real_property)

   A profit (short for profit-à-prendre in Middle French for "advantage or benefit for the taking"), in the law of real property, is a nonpossessory interest in land similar to the better-known easement, which gives the holder the right to take natural resources such as petroleum, minerals, timber, and wild game from the land of another. [1]

9. I'm a financial expert: Here's what to consider when ... - AOL

   www.aol.com/finance/what-to-consider-when...

   Some retirees, for example, want to spend more money on travel or snowbirding on the road. Downsizing could be a way to shrink your home base while freeing up time and energy for adventuring.