Question: When selling your primary residence, . 1. There is a one time exemption from taxes on the gain 2. There will be no tax consequences

When selling your primary residence, . 1. There is a one time exemption from taxes on the gain 2. There will be no tax consequences unless the gain is over $500,000 3. You will not be taxed on the gain 4. Married couples have no tax consequences if the gain is $500,000 or less

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