The president has signaled his tentative support for a bill to scrap capital gains tax on principal home sales.

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Trump concedes that home sellers deserve relief and backs a new proposal that could eliminate capital gains taxes.

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In recent years, more people across the United States are triggering capital gains taxes when they sell their primary homes.

Under QOZ, capital gains invested into Qualified Opportunity Funds (QOFs) had to be recognized and taxed by Dec. 31, 2026.