A seller who wants to be excluded from paying capital gains tax on a principal residence will need to

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06-08-2017
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A seller who wants to be excluded from paying capital gains tax on a principal residence will need to

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Greenleafable Greenleafable · Answer 1 · 2017-08-19T17:23:45+02:00

Greenleafable Greenleafable

19-08-2017

The correct answer is this - live in the home two out of five years.
The seller must live in a principal residence for at least two out of five years and may not receive more than $250,000 if single or $500,000 if married. This way, he or she will be excluded from paying capital gains tax on a principal residence.

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