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Ask Millionacres: Will I Owe Capital Gains When I Sell My Home?

[Updated: May 20, 2021 ] Mar 03, 2020 by Matt Frankel, CFP

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Q: We would like to know about the new tax law that is in effect from 2018 to 2025, that if you are single and your adjusted gross income is under a certain amount in 2019, you pay 0% capital gain taxes on the profits from selling a long-term real estate investment. My question is, does it also apply when selling your personal place of residence? -- Connie

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