Do you have to pay taxes on the gain of a sale of your home?

The rule for the sale of your main home (primary residence) has an exclusion amount of the long term capital gain if you meet the 2 out of 5 year rule of living in your main home (primary residence.

Go to the IRS gov web site and use the search box for Topic 701

• Sale of Your Home

If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Publication 523, Selling Your Home, provides rules and worksheets.