What does total proceeds mean (principle res)? Is it the total dollar amount of the sale? or is it the difference between the purchase price and the final sale price?

Is there tax due on capital gains on sale principle residence?

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What does total proceeds mean (principle res)? Is it the total dollar amount of the sale? or is it the difference between the purchase price and the final sale price?

Total selling price accepted by the seller on the Offer to Purchase.

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What does total proceeds mean (principle res)? Is it the total dollar amount of the sale? or is it the difference between the purchase price and the final sale price?

Total selling price accepted by the seller on the Offer to Purchase.