Sunday, March 2, 2014

Tax-Exempt Proceeds from Sale of Property

Proceeds up to $250k for an individual or $500k for a married couple is tax exempt from the sale of a primary residence, assuming the property was not used for business or rental purposes and it was occupied by the seller for at least 2 out of the last 5 years prior to the sale.

http://www.199closing.com

No comments:

Post a Comment