Taxation of Selling Your Home

TAXATION ON SELLING OF HOME

Taxpayers can exclude from their income up to $250,000 ($500,000 if you are married filing jointly) of any gain on the sale of your home.  However, you must have lived in the home for at least two years and used the home as your principal residence.

If you need assistance with your taxes, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.

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