More Homeowners Paying Capital Gains Tax
More Homeowners Paying Capital Gains Tax Rising home prices and low inventory levels during the pandemic accelerated more homeowners to pay capital gains tax above their exclusion.
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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 …
Guidelines for 1031 Exchanges
Guidelines for 1031 Exchanges
Surviving Spouse Sale Period
Surviving Spouse Sale Period Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along with their basis, and it does not trigger a taxable event. Unfortunately, …