Get May 1997) Department Of The Treasury Internal Revenue Service Note: Do Not Use This For M To Get
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Prior to 1997, taxpayers were required to reinvest home sale proceeds to avoid paying taxes on the financial gain. However, the Taxpayer Relief Act of 1997 now allows you to exclude $250,000 from the sale in you are single, and $500,000 if you file joint taxes with a spouse.
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