[WKUHilltopper]

Isn’t there a one time capital gains exemption on your house?

[ridesthemiles]

NOT ONE TIME-—

CAN MOVE/SELL/MOVE AGAIN/SELL/MOVE AGAIN-—NO LIMIT
Must have property as your primary residence 2 years & ONE day minimum.

SOO—Move now out of your current residence—move into a rental property (IF you have one) and stay there 2 years & 1 day minimum-—Sell that & get a new EXEMPTION., ETC ETC..

Got a ‘Vacation house’ that is really nice—away from city, etc??

You sell your current residence—if there over 2 years & 1 day—and move to your vacation house with exemption..
NOT LIMITED TO ONLY ONE TIME.

Can repeat every 2 years & 1 day if you wish.

$500,000 exempt PROFIT if married-—$250,000 if single.

NOT SALE PRICE CALCULATIONS..2 different sets of numbers.

STRICT ABOUT 2 YEARS & 1 DAY, tho.

You must keep excellent records.