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)