|Sellers Guide||Homeowners are winners under the
Taxpayer Relief Act of 1997. Under the new law, up to $250,000 ($500,000)
for a married couple filing a joint return) of gain realized on the sale
or exchange of a principal residence is not taxable.- not just deferred.
In addition, $250,000/$500.000 is taxed at the new lower rate.
Homeowners qualify for this tax exclusion if two requirement are made:
If you are selling your home, you should contact a tax advisor for details on how this new law applies to your sale.
|Getting a Realtor|
|Marketing & Success in Selling|
|Tax Benefits for Home Seller|
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