Though most home-sale profit is now tax-free, there are still steps you can take to maximize the tax benefits of selling your home. Learn how to figure your gain, factoring in your cost basis, home improvements and more.
Working with a tax professional or qualified real estate agent, you'll look at the price you paid for the house, then factor in certain improvements you made and your closing costs. Read IRS Publication 523, "Selling Your Home," to learn more about making improvements that can reduce your ...
If you have a taxable gain on the sale of your home, you might still be able to exclude some of it if you sold the house because of work, health or “an unforeseeable event,” according to the IRS. Check IRS Publication 523 for details ...
Though most home-sale profit is now tax-free, there are still steps you can take to maximize the tax benefits of selling your home. Learn how to figure your gain, factoring in your cost basis, home improvements and more.