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Law for the Business & Real Estate Communities
Browsing All posts tagged under »sale«
Selling Your House Doesn’t Have To Be Taxing!
Internal Revenue Code (IRC) Section 121 permits a married couple to exclude up to $500,000 of capital gain from the sale and a single person to exclude up to $250,000 of capital gain, provided the house being sold was their principal residence for two of five years preceding the sale.
Brady Business & Real Estate Advisor 
August 11, 2011
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