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.
If you decide to sell your house to simplify life, lock in gains, downsize, or relocate for a job, this article will help you minimize your capital gains tax bill. You may even be able to pay no capital gains tax after selling your house for big bucks. According to the IRS, most ho...
The article focuses on the payment of tax during house selling. It says that provision on the main residence tax exemptions in the capital tax regime is one of the simpler set of provisions in the tax laws in Australia. It states that an owner who owns a land, where in the house ...
But many states, cities, and even the White House now also designate today as Indigenous People's Day. If today is a holiday for you, it’s the perfect time to finish up your extended 2023 tax return. You must get the form to the IRS by tomorrow, or at least have the envelope ...
Tell it to the Hill While it's easy to rail at the IRS, for the most part we can thank — or blame — Congress and the White House for our tax laws. So if you have an issue with tax legislation or want a tax bill passed, you need to let your federal legislators and the White...
When it comes to taxes, and capital gains tax, in particular, it is no wonder many people look for ways to reduce or avoid paying taxes legally. The rules regarding tax payments after selling property are complex, and speaking with an expert is always worthwhile, especially when it comes to...
Seller-Paid Concessions from 2004 to 2012: Implications for House Selling Price and Days on the Market In this paper, we examine the extent to which seller-paid concessions (SPCs) are capitalized into foreclosed and non-foreclosed housing selling prices and days on the market (DOM) from 2004:...
Capital gains tax applies to profit made from selling your home. Learn what capital gains tax on real estate is, when you must pay it, and if you can avoid it.
As a final point, it is also important to remember that if you do sell a stock that is in a capital gain position but you still love it, there is nothing that stops you from buying it back whenever your heart desires. Although you must wait 30 days after selling a loser before repur...
Note, that you could rent the house for an additional 3 years after you have lived in it for 2 years and still claim the full exclusion, because the rental period after your use as a primary residence is qualified, so it does not reduce your exclusion. Rental property will also have dep...