Sell your home and keep a bigger profit
Article Abstract:
A homeowner can evaluate the profit of selling homes before deciding to sell for financial and personal reasons. The Tax Reduction and Simplification Act of 1977 allows a tax-free exclusion on house sales. Exclusions may be waived depending on which home sale would be more profitable for the owner.
Publication Name: New Choices: Living Even Better After 50
Subject: Seniors
ISSN: 1085-1003
Year: 1998
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Home sweet home deductions
Article Abstract:
A examination of the tax consequences of selling a personal residence is presented. The capital gain exclusion, marital status changes and and record-keeping advice is explored.
Publication Name: New Choices: The Magazine for Your Health, Money & Travel
Subject: Seniors
ISSN: 1085-1003
Year: 2001
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'Tis better to give...smartly
Article Abstract:
Gifts can be subject to gift taxes if they are over certain limits. However, gifts that are given with these limits in mind can avoid the gift tax, and reduce the estate tax.
Publication Name: New Choices: The Magazine for Your Health, Money & Travel
Subject: Seniors
ISSN: 1085-1003
Year: 2001
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