capital gain exclusion: Capital Gains and Selling Your Home - 04/08/15 01:14 AM
The best tax break available to the public is for homeowners when they sell their home.
 
I was speaking recently with a savvy business person and buyer who was surprised when I told him he had an automatic $250,000 capital gain exemption on the sale of his apartment and if married eligible for a $500,000 capital gain exclusion on the sale of their primary residence. 
 
I'm surprised every homeowner and buyer doesn't know this. Many home owners still believe they have to purchase another home to receive a tax benefit.
 
All that changed in 1997. One of my first blog posts back in 2006 was titled 1997 tax-reform-great-for-real-estate-
The … (10 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn

Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn

Manhattan, NY

More about me…

Address: New York, NY, 10024

Office: 212-877-6268

Mobile: (917) 312-0924



Listings

Links

Archives

RSS 2.0 Feed for this blog