Core Insights - The IRS taxes profits from home sales as capital gains, with rates depending on the duration of ownership [3] - Homeowners can calculate capital gains by subtracting the adjusted cost basis from the sale price, but taxes may not apply to the entire gain [5] Tax Calculation - Capital gains are calculated as total sale price minus the asset's cost basis, which can include improvements and certain transaction costs [4][7] - Repairs do not contribute to the adjusted basis, while significant improvements do [4] Capital Gains Exemption - Married couples can exclude up to $500,000 in profits from capital gains taxes, while individuals can exclude up to $250,000 [8] - This exclusion is known as the Section 121 exclusion, requiring ownership and primary residence use for at least two of the past five years [9]

RT Bitcoin Policy Institute (@bitcoinpolicy)The Bitcoin for America Act, introduced by @Rep_Davidson, is simply good policy.During last week's Bitcoin Policy Hour, the BPI team broke down why: It’s not just about stacking — it’s about stopping future admins from "rugging" the reserve.The bill codifies the SBR, but the real alpha is the uncapped capital gains exemption. Pay taxes in BTC, reset your cost basis without the hit, and lock it up for 20 years.It’s the Federal Government finally admitting Bitcoin i ...