how will capital gains tax affect me: How will the New 2018 Capital Gains Tax affect the sale of my Primary Residence ? - 12/14/17 09:56 PM
Currently, in 2017 you are exempt from Capital Gains Tax when you sell your Primary Residence in which you have lived at least 2 Years. 
 
A Married Couple is exempt up to $500,000.00, and a Single person is exempt for $250,000.00.  The Home must be considered a "Primary Residence" based upon the IRS in which the rule states you must have occupied it for at least 2 Years out of the last 5 Years. 
Currently, I have planned my life around this rule and consider to sell my home, replacing it with a newer one here on Maui. Unfortunately, the house we are … (1 comments)