Tip of the Week: What You Must Know About Taxes and Selling Your House

Robert Powell, CFP®

The IRS not only taketh, but giveth. It publishes a plethora of tax tips, the most recent of which addresses what to keep in mind on income taxes and selling a home.

The tip notes, for instance, that "taxpayers who sell a home may qualify to exclude from their income all or part of any gain from the sale."

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