FEDTAX * IRS
* HOME * PUB_519Gain From the Sale of Your Main HomeIf you sold your main home, you may be able to exclude up to $250,000 of the gain on the sale of your home. If you are married and file a joint return, you may be able to exclude up to $500,000. For information on the requirements for this exclusion, see Publication 523. This exclusion does not apply to nonresident aliens who are subject to the expatriation tax rules discussed in chapter 4. |