A taxpayer may be required to pay tax on a gain the taxpayer realizes when she sells her principal residence.

Name: A taxpayer may be required to pay tax on a gain the taxpayer realizes when she sells her principal residence.
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While there are some exceptions and exclusions, a taxpayer may be required to pay tax on a gain realized from the sale of their principal residence if the gain exceeds certain limits or if they do not meet specific criteria, such as ownership and use requirements.

A Taxpayer May Be Required to Pay Tax on a Gain