I am downsizing for retirement and will net $650K. Will capital gains taxes apply?

247wallst.com/investing/2025/06/10/i-am-downsizing-for-retirement-and-will-net-650k-will-capital-gains-taxes-apply

Key Points




Capital gains is a tax levied on the profits earned from selling a home.



Fortunately, the amount of money you’ve spent on the property can lower your overall capital gains.



Keeping careful records makes calculating capital gains much easier.



Are you…

This story appeared on 247wallst.com, 2025-06-10 14:02:53.
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