[YENKO DEUCE REGISTRY]

I believe the exclusion amount is related to the sale of your primary residence. If I remember correctly, the first $250k of capital gain is excluded.

I defer to Jim Hughes for the gritty details, but they have made it difficult to capitalize on the gains without paying the taxes. The current 401k's have pre-tax contributions, but are taxed when withdrawn - theoretically at the lower tax rate in effect upon retirement.