GOP Tax Plan - IRS Section 121 update?
Is there any update on the GOP tax plan and changes to IRS Section 121?
Last I read, it was proposed that the capital gains tax exemption requirements may change. The requirements for a tax free sale would require you to live in your primary residence for 5 of 8 years, instead of the current 2 (consecutively) of 5 years.
I'm really hoping Section 121 did not change! Any update?
Thanks,
Taylor