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2. Capital gains tax on real estate and selling your home - AOL

   www.aol.com/finance/capital-gains-tax-real...

   You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 of your profits if your tax-filing status is single, and up to $500,000 if married and filing jointly.

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

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

   The home must be your primary residence to qualify for the capital gain tax exclusion. It can be any type of home, such as a single-family home, townhouse, condo, mobile home, tiny home, or houseboat.

4. Downsizing for Retirement: Will My $620k Profit on My House ...

   www.aol.com/im-selling-house-downsize-retirement...

   The IRS allows you to exempt either $250,000 or $500,000 in capital gains that are realized when selling your primary residence. If the net profits exceed the exemption, you’ll pay capital gains ...

5. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   In highly appreciating markets, people may take the opportunity of selling their personal residence (where no capital gain is due below $250,000 for a single person or $500,000 for a married couple—see Taxpayer Relief Act of 1997) and moving into a former rental property for a specified time period in order to turn it into their new personal ...

6. I'm Downsizing for Retirement. If I Net $750k When I Sell My ...

   www.aol.com/finance/im-selling-home-netting-750k...

   If you sell your primary residence the IRS allows you to exempt a certain lifetime amount of profit from taxes. Single taxpayers can exempt the first $250,000 of capital gains from the sale of ...

7. Homestead exemption - Wikipedia

   en.wikipedia.org/wiki/Homestead_exemption

   Mississippi exemption from all ad valorem taxes assessed to property; this is limited to the first $7,500 of the assessed value or $300 of the actual exempted tax dollars. [10] New York's School Tax Relief (STAR) program exempts the first $30,000 of a primary home's assessed value from school district taxes; the exemption is limited to owners ...

8. How to sell your house: A step-by-step guide - AOL

   www.aol.com/finance/sell-house-2024-step-step...

   If you’ve owned and lived in your home for at least two out of the previous five years before selling it, you will not have to pay taxes on any profit up to $250,000. For married couples filing ...

9. We're Downsizing and Netting $550k – How Can We ... - AOL

   www.aol.com/were-selling-house-netting-550k...

   Selling your home to downsize can make your retirement more financially stable, but if you have a profit on the sale you might owe capital gains taxes. Fortunately, in many cases those selling ...