TAX TIPS

Posted by Gary Topple on August 20, 2010 - 5:45pm

Tags: taxes, tax records, tax rate, tax property, property sale, capital gains

Sale of home
 
 
 
If you are considering selling your home, there may be a tax advantage. IRS Publication 523 entitled Selling Your Home www.irs.gov/pub/irs-pdf/p523.pdf explains all the rules in 40 pages, including examples and worksheets to assist in the calculation of the taxable gain on the sale of your home. I will try to give you the basics in 500 words or less (without the worksheets).
 
 
 

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