Legal Question in Tax Law in California

Capitol Gains Tax Laws

the saling of a home that is residedin is ther a law as to a 1 time seel without paying capitol gains. My husband is 50 and I am 45 we are looking to retire selling our home and want to avoid paying capitol gains.


Asked on 5/10/04, 12:48 pm

1 Answer from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Capitol Gains Tax Laws

If this is your primary residence, you may exclude up to $500,000 in gain, provided that you have owned and lived in the property as your primary residence for 2 of the past 5 years.

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Answered on 5/10/04, 1:19 pm


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