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Eldercare
Reply to "Capital Gains - Health Related Move"
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[quote=Anonymous][quote=Anonymous]As long as it’s their primary residence and they haven’t taken the exclusion recently then they can exclude $500k from their federal income Taxes? If you are talking about another $500k on top of that then is it really that bad to pay $100k in taxes on $1m?[/quote] Must’ve lived in the house 2 of the past 5 years to take this exemption. [/quote]
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