Make sure you’re taking advantage of one of the most valuable deductions ever, when selling your house.

If you qualify for the exclusion, you may do anything you want with the tax-free proceeds from the sale. You are not required to reinvest the money in another house. But, if you do buy another home, you can qualify for the exclusion again when you sell that house. Indeed, you can use the exclusion any number of times over your lifetime as long as you satisfy the requirements discussed below.
If you’re a homeowner this is the one tax law you need to thoroughly understand.
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