One's home must typically be owned at least three years to receive the most favorable capital gains treatment.

Name: One's home must typically be owned at least three years to receive the most favorable capital gains treatment.
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Question

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The most favorable capital gains treatment for a primary residence typically requires the homeowner to have lived in the home for at least two out of the last five years, not necessarily owned it for three years.

One's Home Must Typically Be Owned at Least Three Years