building wealth with real estate: Moving On Up!
- 05/12/10 06:31 AM
Moving On Up! - Capital Gains When Selling Your Home -
69% of people in the United States own their own home. One question I am often asked when a homeowner is considering selling their home is the amount of taxes they will be liable for on the sale.
The good news is that if you have lived in the house for 2 out of the last 5 years, making it your primary residence, you can claim an exempt from capital gains taxes up to $250,000. for single filers and $500,000 for joint filers.
The really good news is that … (5 comments)
|
|
|
|
Moving On Up! - Capital Gains When Selling Your Home -
;)
;)
;)
