2001 Tax Help Archives  

Publication 519 2001 Tax Year

Gain From the Sale of Your Main Home

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This is archived information that pertains only to the 2001 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

If 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.

Caution: This exclusion does not apply to nonresident aliens who are subject to the expatriation tax rules discussed in chapter 4.

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