[quote=Rich Toscano][quote=UCGal]There’s a 250k cap gains exclusion on owner occupied home sales. (which helped froth up the bubble.) ($500k for a couple)
I doubt you MADE $250K in 24 months in this market.[/quote]
IIRC that $250k is prorated if you’ve been in less than two years (eg if you were in a year, the max is $125k).[/quote]
I totally defer to you. I’ve never owned a house less than 2 years.
