I read that the wife and I won’t have to pay taxes on capital gains if we’ve lived in our home for at least 2 of the last 5 years. We’ve been here for 8 years and want to refinance. Would this then reset the clock to where we would have to stay for at least 2 more years before selling to avoid paying taxes on any capital gains?
Thanks for any information anyone can provide.
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source https://www.reddit.com/r/RealEstate/comments/db4lxw/would_a_refinance_reset_the_clock_for_paying/
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