Self Help Documentation

< All Topics
Print

Capital Gains Exclusion

The Taxpayer Relief Act of 1997

They were passed by Congress to greatly reduce the tax on the gain to be realized on the sale of real estate, especially for residential real estate. With the passage of the Act, individuals can exclude up to $250,000 of capital gains from taxation, while married couples can exclude up to $500,000. (personal residence)

Table of Contents