frisco home sale taxes: Dallas TX - Are Gains from the Sale of a Principal Residence Taxable? - 12/17/19 05:02 PM
Each year, clients either come into our Richardson, TX tax office and ask if they need to pay taxes on the sale of their residence, call concerned about taxation on the Sale of their personal residence, or make an assumption that income on the Sale of a personal residence is NEVER taxed. Today, I want to take a few minutes to discuss the tax consequences of the Sale of a Principal Residence.
 
Is Income from the Sale of a Personal Residence Ever Taxable?
It can be if it exceeds the excludable amount. Section 121 of the Internal Revenue Code excludes a gain … (0 comments)