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My wife and I are considering selling our home and moving closer to my job and we are trying to find some specifics on the capital gains laws for selling your home. Our dilemna is that we sold a home for a profit on 10/20/97 and we didn't have to pay capital gains. Now less than two years later, we want to move again. Will we have to pay capital gains on the profits from the sale of this home?
Some other info: I changed jobs 7 months ago. My new commute is 28 miles farther than it was before the move.
I just can't seem to find all of the information in one spot. Thanks in advance for your help.
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