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Question

i sold my house in 2024, do i need to pay capital gains?

Forum|Forum|11 months ago
April 15, 2025
1 reply
0 views

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TurboTax Deluxe Online

If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse.

To qualify for the exclusion, you must meet both the ownership test and the use test. You're eligible for the exclusion if you have owned and used your home as your main home for a period aggregating at least two years out of the five years prior to its date of sale.

For more information, check here.

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