Owning a house (or two, or three) is an exciting milestone in life and a quintessential symbol of the American Dream. But when it’s time to let go of the property, the process can be particularly daunting, especially as you face taxes on selling a house.
Step one: Talk to an expert!
Selling your house soon? Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends.
As if the process of selling a house wasn’t complicated enough, lo and behold, Uncle Sam decides to play a mean numerical trick on you when that dreaded tax season rolls around.
The last thing you want after popping the bubbly in celebration of your big home sale is a surprise letter from the Internal Revenue Service (IRS). Or worse yet, finding out after the chips fall that you missed out on big breaks.
But don’t worry, we’re here to help you understand the rules, regulations, and stipulations so you can feel more confident about the taxes you owe — or (better yet) don’t owe.