TAX REFORM REAL ESTATE
Tax Reform

The Tax Reform Bill and How it Affects Homeowners

Below are several of the last minute inclusions in the tax reform bill important to the real estate industry. ·        Capital gains exclusion. In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Both…

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Tax reform homestead exemption sell your home in 2017
Homestead Tax Exemption, Sell Your Home, Tax Reform

Are you Considering Selling Your Home? Avoid possible tax disadvantage by getting your home under contract in 2017

There is a time bomb no one is talking about in regards to tax reform. The homestead tax exemption currently states if you live in a house for 2 out of 5 years you don’t pay capital gains tax. The bill in congress right now has this being changed to 5 out of 8 years. “Some people could feel blindsided…

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