When trying to sell a home, correct pricing of that home is crucial, and the psychology that goes into determining a price can leave your stomach doing backflips. Should you start out high and see if you can get top dollar? Should you start low knowing the competition out there is tough? If you just […]
10 Tax Tips If You Are Selling Your Home
Selling your home and moving can be expensive, but many of the costs may be deductible. The IRS offers 10 tax tips on deducting some of those selling expenses or profits. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for […]
How to Calculate the Cost Basis of Your Home
When you decide to sell your home, you need to know what the cost basis of the home is, because it needs to be noted on your income tax return for the year you sell your home. When you are considering selling your home, taxes are probably not the first thing on your mind. Taxes […]