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°.
Season salmon with salt and pepper. Place salmon, skin side down, on a non-stick baking sheet or in a non-stick pan with an oven-proof handle. Bake until salmon is cooked through, about 12 to 15 minutes. Serve with the Toasted Almond Parsley Salad and squash, if desired.