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A comment on The Housing Market in San Francisco and Ideas to Fix It. Parent comment

Re:The Housing Market in San Francisco and Ideas to Fix It by khuey on Thursday April 07, 2016 @06:21PM (#11451166)
Technically you would pay capital gains taxes on around 250k of the gain, and 500k if you're not married. You can deduct improvements/maintenance from the gain, but capital gains from owner-occupied real estate are taxed in the US if they're large enough.
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Re:The Housing Market in San Francisco and Ideas to Fix It by Renevith on Friday April 08, 2016 @12:30PM (#11455913)
Ah, I did not realize that. Thanks for the info! Still, $250/500k untaxed is nothing to sneeze at. And long-term capital gains are taxed at a lower rate than income for someone who's making $100k.
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