Capital gains tax?

[Demrbee]

I sold my apartment last year for more than I paid for it. I'm trying to figure out if I have to pay capital gains tax but I'm totally confused by the information I've read. Can anyone help me?????

[Spartana]

My understanding is this: If you have lived at the place as your primary residence for any 2 of the last 5 years, you can take the $250,000 capital gains tax exclusion ($500,000 if you are married) off any profits (difference between your original purchase price and selling price AFTER you deduct things like agent fees) before paying capital gains taxes.