Real Estate Investing: What Are Cash-on-Cash and Cap Rate? - 365
Your Money, Your Wealth
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Can I Exclude 500 Thousand Dollars From a Sale of a Home?
The capital gane tax is based upon your taxable income, which is already you. You automatically get 250 or 500 thousand s excluded from taxes if you lived in the house two out of the last five years. There's no adback on the foreign income for an earned income exclusion. It's just your taxable income. And then if if you end up at zero, then you can sell to the top of the 12 % bracket. For a married couple, is a it's a little over a hundred thousand.
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