Category Archives: Income tax and real estate

Home Sellers Should Learn About Income Tax Prior to Sale and Not be Surprised

Home sellers should find out amount of their income tax obligation on sale of their home in advance and not be surprised at tax time. When you sell your home, you would owe income tax on the amount of your … Continue reading

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Income Tax Benefits for Home Owners When Selling

According to U.S. income tax law, home owners have a possible capital gains exclusion from income tax on the sale of their “main home” – and can protect the gain on if they have lived at the “main home” for 2 out of the … Continue reading

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