<h1>Using Section 121 to Avoid Capital Gains Taxes on Your Home Sale</h1>
Hey Dad, are we moving again to avoid taxes?
Yep.
Isn't that illegal?
Nope, just taking advantage of Section 121 of the US tax code. As long as we've lived here for 2 out of the last 5 years, we can make up to $500,000 of capital gain profit and not pay the IRS a dime.
Is that why we move every 2 years to a bigger house in a fancier neighborhood?
Yep.
And is that why I have no friends?
We can talk about that when we get to Aspen.
Hurry up and go pack your bags.