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Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.
A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.
Jim, Caroline and the Davis
Team Realty World South 1874 Slaughter Road Madison, AL
35758 Phone: 256-325-8500 Fax: 256-325-8504 Email:
huntsvillesold@NUMBER1EXPERT.com
Absolutely Accessible -- Marketing,
Promotion, and Profit for Property Owners. When you need the assistance of a
Realtor, Jim, Caroline and the Davis Team are Absolutely Accessible. We
dont just sell homes (even though we do it faster) we give quality,
competent representation for buyers. Our track record of exceptional
representation for Buyers and Sellers is unparallel in the market today. The
old ways of sticking a sign in the yard and waiting for a call are gone.
Information on our new proactive approach is found in our complete marketing
package that is available to prospective customers free of charge and
obligation. Call or email us today for your free package. 800-515-9959 / 256-651-8500
Jim, Caroline and the Davis Team Realty World South 1874 C Slaughter Road Madison, AL 35758 Phone: 256-325-8500 Fax: 256-325 8504 Email: HomeJames@knology.net
Absolutely Accessible -- Marketing, Promotion, and Profit for Property Owners. When you need the assistance of a Realtor, Realty World South and our team of professionals are Absolutely Accessible. We don’t just sell homes (even though we do it faster) we give quality, competent representation for buyers. Our track record of exceptional representation for Buyers and Sellers is unparallel in the market today. The old ways of sticking a sign in the yard and waiting for a call are gone. Information on our new proactive approach is found in our complete marketing package that is available to prospective customers free of charge and obligation. Call or email us today for your free package. 800-515-9959 /256-325-8500
www.huntsvillesold.com is brought to you by
Jim, Caroline, and the Davis Team NUMBER1EXPERT in real estate for
Madison, Huntsville and Hampton Cove, Alabama