this post was submitted on 17 Jan 2026
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Memes of Production

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[–] chonglibloodsport@lemmy.world 1 points 1 month ago (1 children)

The U.S. doesn’t give a capital gains tax exemption on your principal residence?

[–] blueduck@piefed.social 2 points 1 month ago

Tax law is complicated , but generally speaking if you:

  • owned the property for more than 2 years; and
  • lived in it for at least two of the preceding five; and
  • you haven’t sold a residence in the preceding five

then: the gains are waived.