As long as you get past the one year stipulation prior to selling, any gains from a sale are yours. But, something else to keep in mind is Uncle Sam standing there at closing with his hand out. One must own the home for two years, as a primary residence, or pay tax on the capital gains. Another point some fail to consider is that those gains could possibly put your annual income into a bracket where your Medicare Part B premiums are increased...sometimes substantially.
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