Homeowner’s Capital Gain Exclusion
Homeowner’s Capital Gain Exclusion Eligible homeowners can exclude up to $250,000 of gain for single taxpayers and up to $500,000 for married filing jointly from the sale of their principal residence.
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Keep More Profits From Home Sales
Keep More Profits From Home Sales In recent years, home values have soared, presenting an opportunity for homeowners with substantial equity to consider a unique tax benefit. Section 121 in the IRS code allows for homeowners …
Good Records Can Reduce Capital Gains
Good Records Can Reduce Capital Gains Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up so much in the past two years, you may be …