Real Estate Capital Gains Tax: What You Owe After Selling Your Home
After selling a home you've lived in for more than five years, what is the real estate capital gains tax and what do you report to the IRS. If you're married you can take up to $500,000 in profit without paying capital gains tax to the IRS, after living in a home at least two of the last five years. If you're single, you can take up to $250,000 in profit without paying capital gains tax to the IRS, after living in a home at least two of the last five years.