Ask A CPA - Most Asked Questions
Can I Postpone The Tax On The Gain On The Sale Of My House If I Buy Another Home Within A Year?
This is another rule that went out in the 80’s. However, the good news is there is usually no need to worry about taxes on the sale of your residence. If you are single you can exclude $250,000 of your gain or, if you are married and filing jointly, you can exclude up to $500,000 of the gain as long as you lived in your home two out of the last five years.
If you need professional help with "Most Asked Questions" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.
Alabama CPAs
Alaska CPAs
Arizona CPAs
Arkansas CPAs
California CPAs
Colorado CPAs
Connecticut CPAs
Delaware CPAs
District of Columbia CPAs
Alaska CPAs
Arizona CPAs
Arkansas CPAs
California CPAs
Colorado CPAs
Connecticut CPAs
Delaware CPAs
District of Columbia CPAs
Florida CPAs
Georgia CPAs
Guam CPAs
Hawaii CPAs
Idaho CPAs
Illinois CPAs
Indiana CPAs
Iowa CPAs
Kansas CPAs
Georgia CPAs
Guam CPAs
Hawaii CPAs
Idaho CPAs
Illinois CPAs
Indiana CPAs
Iowa CPAs
Kansas CPAs
Kentucky CPAs
Louisiana CPAs
Maine CPAs
Maryland CPAs
Massachusetts CPAs
Michigan CPAs
Minnesota CPAs
Mississippi CPAs
Missouri CPAs
Louisiana CPAs
Maine CPAs
Maryland CPAs
Massachusetts CPAs
Michigan CPAs
Minnesota CPAs
Mississippi CPAs
Missouri CPAs
Montana CPAs
Nebraska CPAs
Nevada CPAs
New Hampshire CPAs
New Jersey CPAs
New Mexico CPAs
New York CPAs
North Carolina CPAs
North Dakota CPAs
Nebraska CPAs
Nevada CPAs
New Hampshire CPAs
New Jersey CPAs
New Mexico CPAs
New York CPAs
North Carolina CPAs
North Dakota CPAs