Selling a home: Will you owe tax on the profit?

(NIIT) Net Investment Income Tax, Capital Gains, Home Mortgage, Modified Adjusted Gross Income (MAGI), Tax Record Retention, Vacation Rental /

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was $411,200 in the Northeast, $275,300 in the Midwest, $305,200 in the South and $508,300 in […]

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