Selling your LA home: do you owe capital gains tax?
The $250,000/$500,000 home sale exclusion, the 2-out-of-5-year rule, how California taxes the gain and what escrow withholds.
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Plain-English answers to the tax questions individuals, families and self-employed people in Los Angeles ask most, written by Talar Hanounek, CPA. Each guide lists its official IRS or FTB sources.
The $250,000/$500,000 home sale exclusion, the 2-out-of-5-year rule, how California taxes the gain and what escrow withholds.
Before December 31: check your withholding, use your 401(k) and FSA, and see whether the new 2026 charity deduction applies to you.
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