STARTING AT HOME
One opportunity the average person has to make a long-term investment and reap capital gains is by purchasing a home. Profits from the sale of a home are a specific form of capital gains that are exempt from tax up to a certain amount: $250,000 for individuals and $500,000 for married couples filing jointly. There are lots of rules, however. For instance, to avoid taxes, you have to own the home and live in it for two of the five years leading up to the sale.
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