Carl Test  

Tax answers and options when you sell your Home

  I made $250,000 profit when I sold my home.  Do I have to pay taxes? 

 I am selling my home of 15 years, do I have to purchase another home?

 When I purchase a home, what closing costs are tax deductible?

 How do we compute the profit on the sale of our home?

 I had to sell my home of 7 months and made a profit of $70,000.  Is it taxable?
Should I pay points to get a lower mortgage rate? I had a office in my home and I made $400,000 profit. Do I have to pay taxes?

Do you need a CPA to verify your income for your new mortgage? 

 Tax Deferred Exchange rental property options

More details? Click

Click on a question and the CPA Mom will answer it. Turn up your speakers

More info www.irs.gov and Pub 523

 

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