By Greg Gockel, CPA, Manager, Tax & Advisory
ASL Real Estate Group
Selling your home is not just a transaction, it’s an opportunity to leverage tax strategies that can significantly impact the financial results of the sale. If the sale is correctly planned, using the power of Internal Revenue Code Section 121, you will be able to exclude up to $500,000 (couples) or $250,000 (individuals) of your capital gains. This article will coach you as we dive into some of the rules and exceptions and discuss some strategies to help maximize your tax benefits. (more…)