{"id":1953,"date":"2014-08-27T15:11:08","date_gmt":"2014-08-27T20:11:08","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=1953"},"modified":"2014-08-27T15:11:08","modified_gmt":"2014-08-27T20:11:08","slug":"tax-tips-when-selling-your-home","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=1953","title":{"rendered":"Tax Tips When Selling Your Home"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2014\/08\/for-sale-3.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1954 \" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2014\/08\/for-sale-3-274x300.gif\" alt=\"for sale 3\" width=\"206\" height=\"202\" \/><\/a><\/p>\n<p>Here are a few tax tips to keep in mind when selling your home this year:<br \/>\n1. If you have a capital gain on the sale of your home, you may be able to exclude the gain from your tax return. You can exclude up to $250,000 for individual returns or $500,000 for joint returns.<br \/>\n2. If the gain from your home is not taxable, you do not need to report the sale on your tax return.<br \/>\n3. If the gain is taxable, you must report it on your return.<br \/>\n4. You can only exclude the gain from the sale of your main home.<br \/>\n5. You can only exclude the gain from the sale once every two years.<br \/>\n6. If you claimed the first time homebuyer credit, then special rules apply.<br \/>\n7. If you sell your home for a loss, you cannot deduct it.<\/p>\n<p>Contact our office at 816-524-4949 or check out our website at www.Hoorfarlaw.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are a few tax tips to keep in mind when selling your home this year: 1. If you have a capital gain on the sale of your home, you may be able to exclude the gain from your tax &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=1953\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[296,229,146,16,348,136,274,139],"class_list":["post-1953","post","type-post","status-publish","format-standard","hentry","category-general","tag-camron-hoorfar","tag-hoorfar-law","tag-internal-revenue-service","tag-irs","tag-law-office-of-camron-hoorfar","tag-selling-your-home","tag-tax-returns","tag-tax-tips"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1953"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1953\/revisions"}],"predecessor-version":[{"id":1955,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1953\/revisions\/1955"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}