The IRS, Form 523 and the Costs of Selling a Home
by Michelle Carr Crowe, Selling San Jose, Calif. Lynbrook High homes for 25+ years
Tonight I met with a nice family considering selling their Lynbrook High home located in San Jose, Calif. Although I was the third agent they'd interviewed, no one yet had given them even the most basic information on the IRS, Form 523 and the Costs of Selling a Home.
I explained I am not an expert in tax or law but would gladly give them some introductions to people who are, most of whom will grant a complimentary 30-minute consultation.
To better help these folks, I'll also be emailing them the following link to the IRS, Form 523 and the Costs of Selling a Home at http://www.irs.gov/publications/p523/ar02.html. Below you can see the links to calculate Amount of Gain or Loss, Determining Basis, and more.
As always, consult a tax and/or legal professional before selling a home.
Publication 523 - Main Content
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