Capital Gains Exemption When Selling Your Primary Residence

Take a look for some basic information on the capital gains tax that homeowner can claim when selling their primary residence in Torrance or the surrounding area?.   If you’ve resided in your home for 2 of the past 5 years you can exclude up to $500,000 (for married couple….single person can exclude up to $250,000 of capital gains  when you sell.  Even better this can be done more than once!   Click to learn more.

This information is based on reliable sources but information is not guaranteed as of 4/16/21. We recommend verifying the information with your tax attorney or CPA.