Saturday, August 25, 2012
A: For more than one home, you can exclude the gain only from the sale of your main residence. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is usually the one you live in most often.RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com