lazycash

No, he can't be sure about that, one thing you'll find in here is that Canadians love to comment on US laws and politics, but seem to be wrong 90% of the time. Thanks to the Taxpayer Relief Act of 1997, many home sellers no longer owe taxes on the gain they make when they sell their houses. Married taxpayers who file jointly now get to keep, tax-free, up to $500,000 in gain on the sale of their home, as long as they lived in it for two of the prior five years. Single folks and married taxpayers who file separately get to keep up to $250,000.

__________________