[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Laurence (Larry) Boorstein [@LarryBoorstein](/creator/twitter/LarryBoorstein) on x 13.9K followers Created: 2025-07-14 08:27:43 UTC Currently, before Donald Trump's proposed elimination of the capital gains tax on home sales, many filers can exclude the gain. "When selling your primary residence, you may qualify to exclude a portion of the capital gain (profit) from your taxable income. This is known as the Section XXX Exclusion, often referred to as the homeowner's exclusion or homeowners exemption. "Exclusion amounts" "Single filers: Can exclude up to $XXXXXXX of the capital gain. Married couples filing jointly: Can exclude up to $XXXXXXX of the capital gain. "Qualifying for the exclusion "Ownership Test: You must have owned the home for at least XX months (2 years) out of the 5-year period. "Use Test: You must have used the home as your main home (principal residence) for at least XX months (2 years) out of the same 5-year period. Source: Search Labs Consult your tax adviser or IRS XXX engagements  **Related Topics** [housing market](/topic/housing-market) [capital gains](/topic/capital-gains) [tax bracket](/topic/tax-bracket) [trumps](/topic/trumps) [donald trumps](/topic/donald-trumps) [larry](/topic/larry) [Post Link](https://x.com/LarryBoorstein/status/1944675161631846779)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Laurence (Larry) Boorstein @LarryBoorstein on x 13.9K followers
Created: 2025-07-14 08:27:43 UTC
Currently, before Donald Trump's proposed elimination of the capital gains tax on home sales, many filers can exclude the gain.
"When selling your primary residence, you may qualify to exclude a portion of the capital gain (profit) from your taxable income. This is known as the Section XXX Exclusion, often referred to as the homeowner's exclusion or homeowners exemption. "Exclusion amounts" "Single filers: Can exclude up to $XXXXXXX of the capital gain. Married couples filing jointly: Can exclude up to $XXXXXXX of the capital gain.
"Qualifying for the exclusion "Ownership Test: You must have owned the home for at least XX months (2 years) out of the 5-year period. "Use Test: You must have used the home as your main home (principal residence) for at least XX months (2 years) out of the same 5-year period.
Source: Search Labs Consult your tax adviser or IRS
XXX engagements
Related Topics housing market capital gains tax bracket trumps donald trumps larry