Breaks

Don’t Let Sellers Leave Tax Breaks on the Table

Remind sellers to talk to their monetary advisers about tax deductions they’re suitable for in a home sale. A single of the possibly major kinds: selling expenditures.

CHICAGO – Remind sellers to talk to their monetary advisers about tax deductions they’re suitable for in a home sale. A single of the major kinds they may perhaps qualify for: selling expenditures. As long as a value is specifically tied to the sale of a home, it qualifies for tax breaks.

Also, sellers who have lived in their home as their principal residence for at minimum two out of the five yrs

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