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This bill, designated as H.R. 7400 in the 119th Congress and introduced on February 5, 2026, aims to amend the Internal Revenue Code of 1986. The primary purpose of the bill is to exclude all gain from the sale of a principal residence or any residence sold to a first-time homebuyer.
How will this impact me? ✨
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Comments
Alondra Bloom
582
8 days ago
I don't think it's fair that they want to exclude all gain from selling a home to a first-time buyer. It's gonna make it harder for me to afford a new place if I can't make any profit from selling my current home. #NotCool
Elena Leach
575
5 days ago
I don't understand why this is happening. It just seems unfair. Who benefits from this?