rental: 2 Questions to Ask Before You Turn Your Primary Home Into a Rental - 04/29/19 10:39 AM
 
How can I take advantage of tax-free capital gain? When you sell your property for more than what you paid for it, you have a "capital gain" that could be subject to the capital gains tax. The current tax rate for capital gains is anywhere from 0% to 20%, depending on your level of income. If you've lived in your house as your primary residence for two full years out of the past five years, you may be able to sell your house without paying any capital gains tax.  The primary residence capital gains tax exclusion is $250,000 for single … (1 comments)