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2. 4 Tax Benefits of Owning a Home - AOL

   www.aol.com/4-tax-benefits-owning-home-160151096...

   Home Sale Exclusion. When homeowners sell their primary home, the IRS provides another significant tax benefit to help incentivize sellers. If you’re selling your home and meet certain criteria ...

3. Planning to downsize your home in retirement but scared of ...

   www.aol.com/finance/planning-downsize-home...

   The Section 121 exclusion, often called the home sale exclusion, is a provision in the U.S. tax code allowing homeowners to exclude a substantial portion of the capital gains from the sale of ...

4. Homestead exemption - Wikipedia

   en.wikipedia.org/wiki/Homestead_exemption

   Different jurisdictions provide different degrees of protection under homestead exemption laws. Some protect only property up to a certain value, and others have acreage limitations. If a homestead exceeds the limits, creditors may still force the sale, but the homesteader may keep a certain amount of the proceeds of the sale.

5. Capital gains tax on real estate and selling your home - AOL

   www.aol.com/finance/capital-gains-tax-real...

   The amount a buyer is likely to pay for a real estate asset (i.e., property). Broadly speaking, capital gains tax is the tax owed on the profit (aka, the capital gain) you make when you sell an ...

6. Capital gains tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Capital_gains_tax_in_the...

   The amount of this exclusion is not increased for home ownership beyond five years. [53] One is not able to deduct a loss on the sale of one's home. The exclusion is calculated in a pro-rata manner, based on the number of years used as a residence and the number of years the house is rented-out.

7. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.

8. Netting $800k from Your Home Sale? Learn How to Minimize ...

   www.aol.com/im-selling-house-netting-800k...

   What Is the Home Sale Exclusion? When you sell a primary residence, the IRS allows you to take a home sale exclusion, otherwise known as a Section 121 exclusion. Under this rule, you can exclude a ...

9. Can You Avoid Capital Gains by Buying Another Home? - AOL

   www.aol.com/finance/avoid-capital-gains-buying...

   When you sell your home, the IRS allows one major form of capital gains break. It’s called the home sale exclusion, and it allows you to deduct a significant amount of the profit from your home ...