When Can I Sell My Home And Not Pay Capital Gains Taxes In Texas?
By Melissa Jackson, Helping You Make The Right Move
(Century 21 Alliance Properties)
When Can I Sell My Home And Not Pay Capital Gains Taxes In Texas? You’re ready to sell, possibly to move to a larger home, maybe downsizing or relocating and hate the idea of paying Uncle Sam more money than you’re already letting go of yearly. So you ask about the rule for paying capital gains taxes when selling a home in the Fort Worth or surrounding area. ___________________________________We all know home ownership does offer tax breaks including mortgage interest, property tax and home office deductions just to list a few. Most of my clients live in their home between 5 and 7 years before they make a move to a new home. Some decide to lease their home and others will list to sell. Unexpectedly due to changes in a job or marital status this need to move arrives sooner. No one ...
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