I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I ...

In most cases, when selling your primary residence you can exclude $500,000 of the gain if you file as a married couple. If that’s your situation, and you meet conditions to have the gain qualify as a ...

The answer is solidly "it depends," both in terms of whether you'll have to pay capital gains tax and how much you might have to pay. Let's talk about the rules around this situation first, and then ...