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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/this-post-brings-up-a-good-question-do-you-always-23050323.aspx

Subject:  Re: Write off loss Date:  9/19/2005  12:50 PM
Author:  mew5280 Number:  90521 of 127262

This post brings up a good question, do you always have capital gains on a home sale if your home sold for more than you purchased it or are there time frames where you don't have the taxes? I'm in my first home and never sold a home so I don't know anything about that. I thought I remembered some tax break if you lived in your house a certain number of years, was I dreaming?
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