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

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

    A levy imposed by the IRS on profits made from the sale of an asset, such as stocks or real estate — that profit is considered taxable income. Long-term capital gains A tax on assets held for ...

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

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

    Consider consulting a financial advisor to plan a tax strategy for your home sale and beyond. Bottom Line When you sell your home, you can take a $250,000 (single) or $500,000 (joint) exclusion ...

  4. 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 ...

  5. 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.

  6. File:IRS Form 1040, 2018.pdf - Wikipedia

    en.wikipedia.org/wiki/File:IRS_Form_1040,_2018.pdf

    Short title: 2018 Form 1040: Image title: U.S. Individual Income Tax Return: Author: SE:W:CAR:MP: Keywords: Fillable: Software used: Adobe LiveCycle Designer ES 9.0

  7. Internal Revenue Code section 1031 - Wikipedia

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

    A non-simultaneous exchange is sometimes called a Starker Tax Deferred Exchange, named for an investor who won a case against the Internal Revenue Service (IRS). [ 3 ] For a non-simultaneous exchange, the taxpayer must use a Qualified Intermediary , follow guidelines of the IRS, and use the proceeds of the sale to buy qualifying, like-kind ...

  8. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    Depreciation recapture most commonly applies when dealing with the sale of improved real estate (such as rental property), as the value of real estate generally increases over time while the improvements are subject to depreciation. Depreciation recapture in the USA is governed by sections 1245 and 1250 of the Internal Revenue Code (IRC). Any ...

  9. 4 hidden costs of selling your home - AOL

    www.aol.com/article/2016/04/22/4-hidden-costs-of...

    You're probably aware that using a realtor will cause you to spend a good chunk of change, but there are some other costs that might creep up on you.

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