It depends on how long you owned and lived in the home before the sale and how much profit you made. If you owned and lived in the place for two of the five years before the sale, then up to $250,000 of profit is tax-free. If you are married and file a joint return, the tax-free amount doubles to $500,000.The law lets you exclude this much otherwise taxable profit from your taxable income.f you owned and lived in the place for two of the five years before the sale, then up to $250,000 of profit is tax-free. If you are married and file a joint return, the tax-free amount doubles to $500,000. The law lets you exclude this much otherwise taxable profit from your taxable income.
When baking a tail wrapped in foil, use 375Â° as the heat setting and bake the fish for 20-22 minutes. â Salmon Steak. Steaks of course are much thicker than a fillet. For each 1â³ of thickness, figure on 10 minutes of baking time. Steaks should be baked uncovered at exactly 400Â°.
Bake Until Opaque and Flaky. Preheat the oven to 450 degrees F for fillets or 350 degrees F for a dressed fish. You can bake the fillets at a lower temperature, if desired, but remember to increase the cooking time. Bake salmon fillets or steaks, uncovered, for 4 to 6 minutes per 1/2-inch thickness.For a dressed salmon, bake for 6 to 9 minutes per 8 ounces of fish. To test for doneness, insert a fork into the salmon and gently twist. The salmon is done as soon as it begins to flake. Be sure to test at the minimum baking time.ake salmon fillets or steaks, uncovered, for 4 to 6 minutes per 1/2-inch thickness. For a dressed salmon, bake for 6 to 9 minutes per 8 ounces of fish. To test for doneness, insert a fork into the salmon and gently twist. The salmon is done as soon as it begins to flake. Be sure to test at the minimum baking time.