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Summary of Tax Deductions for Selling Your Home

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Summary of Tax Deductions for Selling Your Home

Don’t miss your chance to take advantage of tax breaks for selling your home. Read the rules carefully and plan accordingly, as this one can save you a lot of money. If you know you are going to sell before two years’ time, then spending a few moments with IRS Publication 523 can help put to rest any lingering doubts about whether you can get a partial exclusion on any gains you make on the sale.

What you have learned

  1. Capital Gain Exclusions on Your Home
  2. Partial Capital Gain Exclusions on Your Home
  3. Calculating and Reporting Your Home's Capital Gain When You Sell It

Find out what you have learned