▲ 670 ▼ Owing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury you (lemmy.world) submitted 1 year ago by Mickey7@lemmy.world to c/lemmyshitpost@lemmy.world 345 comments fedilink hide all child comments
[–] glockenspiel@programming.dev -1 points 1 year ago (1 child) No. Capital gains taxes are not taken from your residence. ...does anyone in this thread actually own a residence or at least conduct a basic level of research before forming strong opinions? permalink fedilink source parent hideshow 2 child comments replies: [–] Cryophilia@lemmy.world 2 points 1 year ago Capital gains absolutely apply to primary home sales. You're just allowed to exclude the first $250k of gains, or $500k if married filing joint. https://www.irs.gov/taxtopics/tc701 permalink fedilink source parent
[–] Cryophilia@lemmy.world 2 points 1 year ago Capital gains absolutely apply to primary home sales. You're just allowed to exclude the first $250k of gains, or $500k if married filing joint. https://www.irs.gov/taxtopics/tc701 permalink fedilink source parent
