Selling Your Home

If you’re selling your home, don’t forget about taxes

Deductions, Documentation, Home Mortgage, Income Tax, Individual Income Tax, Personal Residence, Tax, Tax Deduction, Tax Planning, Tax Savings / Douglas Freeman

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association of Realtors (NAR) reports that existing home sales in April decreased year-over-year, 17.2% from a year ago. One bit of good news is that home prices are up. The median […]

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Be aware of the tax consequences before selling your home

Income Tax, Individual Income Tax, Real Estate, Tax Considerations of Selling Your Home, Tax Cuts and Job Acts (TCJA) / Douglas Freeman

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home sale gain exclusion

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