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Updated: 22 November. 2020
www.fool.com
In some cases, the IRS requires taxes to be paid after selling a house. Here's what you need to know.
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www.taxact.com
How does selling a home impact your taxes? Learn more about taxes on the sale of a home with these tips from TaxAct.
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www.nolo.com
If you sell your home, you may exclude up to $250,000 of your capital gain from tax -- or up to $500,000 for married couples.
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Other sites
www.nerdwallet.com
Capital gains on real estate are taxable sometimes. Here’s how you can minimize or even avoid a tax bite on the sale of your house.
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www.investopedia.com
Based on the Taxpayer Relief Act of 1997, if you are single, you will pay no capital gains tax on the first $250,000 you make when you sell your home.
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www.irs.gov
Publication 523 (2019), Selling Your Home | Internal Revenue Service
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www.thebalance.com
Will you pay tax when you sell your home? Not if you qualify for the IRS exclusion. Here's how you avoid paying taxes on the profits.
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www.bankrate.com
Buying a home will probably be the largest purchase of your life, likely costing you hundreds of thousands of dollars. But there are a few perks if you decide to sell it. Like the capital gains tax exclusion. When you sell a car for more than you paid, you’ll need to report that gain to the Internal Revenue Service. The IRS will then tax your capital gains. Homes get excluded from capital gains tax — as long as you and your home fit the criteria.
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smartasset.com
Selling a house for a profit can create a complicated tax situation. In this article, we discuss the taxes on selling a house.