3 Reasons You Likely Won’t Pay Income Taxes When You Sell Your Home

July 10, 2012 Tax News 0 Comments Print this page Share

1) You Don't Have a Capital Gain

 

Due to the housing market, many homeowners no longer have a gain in their home. A gain is the sales price minus the cost basis. The cost basis is generally the purchase price of the property plus improvements. Improvements would include things like a new roof, new heating system or a deck being added to the home. Unfortunately many people … Continue reading »

---