Monthly Archives: February 2016

What Are Capital Gains and How Do They Relate To You, As a Homeowner? Read On.

Feb 25, 2016 | | 3 comments

There are many questions about how capital gains works when it comes to your house after you’ve sold it. Your gain is actually your home’s selling price, minus deductible closing costs, selling costs, and your tax basis in the property; your basis is the original purchase price, plus purchase expenses, plus the cost of capital […more]

Taxes Play a Huge Role in Home Ownership. Everything You Need to Know About Taxes and Your New House

Feb 25, 2016 | | 275 comments

In order to not pay taxes on your home, you must meet a few requirements. For example, you must have owned the home for at least two years during the five years prior to the date of your sale. If you lived in a house for a decade as your primary residence, then rented it […more]