CaLise.COM
About CaLise.COM
President Clinton signed a law in 1997 allowing most people to sell their primary home without paying any capital-gains taxes. Under that law, you typically can sell your primary residence and exclude as much as $250,000 of your gain if you're single, or as much as $500,000 if you're married filing jointly. To qualify for the full exclusion, you must have owned the home -- and lived in it as your primary residence -- for at least two of the five years prior to the sale.
