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Home Sale Tax Exclusion: Residency Requirements

Home Sale Tax Exclusion: Residency Requirements

By Ilyce Glink| 2024-12-05T15:45:50-06:00 October 22nd, 2024|

Home Sale Tax Exclusion: Residency Requirements What does the IRS really say about the home sale tax exclusion? Q: I read your column regularly and now I have a question for you. We own two houses. One is in Chicago, which we purchased in 2010. The other is in Arizona, which we purchased in 2012. We [...]

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Home Sale Tax Exclusion

Home Sale Tax Exclusion

By Ilyce Glink| 2024-09-09T13:43:13-05:00 September 9th, 2024|

Home Sale Tax Exclusion: What are the rules? Q: I learned something new in your recent article about the home sale tax exclusion. I did not know that a person could receive the benefit of the Internal Revenue Service (IRS) rule that allows homeowners to exclude from federal taxes the first $250,000 in profits from [...]