Most (though not all) people who sell a principle residence that they have lived in for at least the last two years don’t have tax consequences when they sell, but what if your property and situation doesn’t fit into that nice little box? Beware Uncle Sam, if for no other reason than to know what kind of tax bill you are looking at when you are deciding to sell. It might also inform some strategies to minimize your tax liability. Here’s a great article that explains a broad range of these situations, but consult a capable tax professional.
By Chris Dominick|2020-03-10T10:40:42-04:00March 10th, 2020|
About the Author: Chris Dominick
With 27 years in the real estate industry and a referral based business model, Chris provides unparalleled ability and experience and a laser like focus on providing the most exceptional real estate experience you can imagine. All facets of the transaction, including a roster of elite level service providers, are employed as we see around corners and deliver a smooth and profitable transaction.