Cap gains realized from selling your primary residence are tax exempt up to $250K, $500K married filing jointly - Taxpayer Relief Act of 1997
It was 1991 when they sold that. As I recall there were exemptions back then also and they didn’t get hurt too bad tax wise. It isn’t right that government taxes at exorbitant rates and then offers exemptions and deductions to keep your money. Jump through these here hoops just right and we won’t confiscate your money.