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10 February, 19:19

A seller who wants to be excluded from paying capital gains tax on a principal residence will need to

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  1. 10 February, 19:25
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    The correct answer is this - live in the home two out of five years.

    The seller must live in a principal residence for at least two out of five years and may not receive more than $250,000 if single or $500,000 if married. This way, he or she will be excluded from paying capital gains tax on a principal residence.
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