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Updated almost 7 years ago on . Most recent reply

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3
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Joe Daurio
  • Saint Paul, MN
0
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3
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Cap Gains on primary residence changing... 2018 tax plan

Joe Daurio
  • Saint Paul, MN
Posted

When I typed in "2018 tax plan" into the BP forums, I was surprised that I couldn't find anyone talking about the Capital Gains rule to selling your primary residence. Currently you must live in your home 2 of the past 5 years in order to avoid paying capital gains and it is now moving to 5 years in the past 8 years. (sec. 1402 of the GOP tax bill)  

I would have thought that it would be all over the forums since it greatly affects the house hacking strategies, and a lot of people who are planning to sell next season. 

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