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Updated over 4 years ago,
Capital gains question
I'm about to make over 500k on the sale of my home. It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low. Under 20k.
With that low income, can i still be charged capital gains?
I don't think it matters, but I am in California.
Thanks for an info on this.