Category Archives: Selling house
Selling Your Home? Taxes?
Article Highlights Individuals can exclude up to $250,000 ($500,000 for a married couple filing jointly) of gain from the sale of their primary residence. Generally, to qualify for the exclusion, the home must have been owned and used as a … Continue reading
“Flipping” Homes – A Reviving Trend in Real Estate
Prior to the recent economic downturn, flipping real estate was popular. With mortgage interest rates low and home prices at historical lows, flipping appears to be on the rise again. House flipping is, essentially, purchasing a house or property, improving … Continue reading
Posted in All Taxpayers, Have you ever asked, IRS Tips, Realtors, Selling house
Tagged flipping houses, Tax
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Ten Tax Tips for Individuals Selling Their Home
The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or … Continue reading
Ten Tax Tips for Individuals Selling Their Home
The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all … Continue reading
Posted in All Service Providers, All Taxpayers, IRS Tips, Realtors, Record Keeping, Selling house
Tagged All Service Providers, Capital Gains, capital gains and losses, Day Care Providers, form 1040 schedule d, income tax return, internal revenue service, IRS, publication 523, Realtors, Record Keeping, Recordkeeping, Selling house
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