The 2-Out-of-5-Year Rule Explained According to the Internal Revenue Service, if you have a capital gain from the sale of your primary residence, you may qualify to exclude up to $250,000 of that gain for individuals and up to $500,000 if you file a joint return. You must meet the ownership and use tests to be eligible for that exclusion. 📸 Ricky: https://www.instagram.com/rickygutierrezz/ 📸 Nic: https://instagram.com/nicpalladinorealty/ 🚨 Join my free INVESTING group chat: https://discord.gg/kwVQtmu 🖥 #1 Trading Mousepad: https://shoptechbuds.com/ For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 310,000! #HousingMarket #RealEstateMarket #realestateinvesting
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