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sellers agent: Northern Illinois Real Estate - Do you Know about Tax Breaks from the Sale of Your Home? - 09/08/11 10:00 PM
 
 
 
Did you know…If you are selling or have just sold your home and you have a gain you may be eligible for a tax break.
 Some Tax Tips from the IRS article http://www.irs.gov/newsroom/article/0,,id=243682,00.htmle.    
1.        You may be eligible if you have lived in your home for at least 2 of the last 5 years.
2.       You may be able to exclude up to $500k for joint or $250k for individual.
3.       You can only use the exclusion on one home you lived in during the last two year period.
4.       You don’t have to report it on … (0 comments)

 
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Julie Anne - Barrington -Deer Park IL RE Agent

Deer Park, IL

More about me…

Keller Williams

Address: 600 N. Hart Road, Suite 105, Barrington, IL , 60010

Office Phone: (224) 633-9733

Cell Phone: (847) 370-4509

Email Me

Northern Illinois real estate - Barrington,Deer Park,Lake Zurich, Palatine, Schaumburg area - Keller Williams Residential Real Estate specialist - REO & Shortsale Certified


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