Will I Owe Taxes When I Sell My Home?

When you go to sell your home, there’s a lot to keep in mind! After a few questions from clients, David sets the record straight on today’s podcast about what to expect regarding taxes when selling your house. Whether you are in retirement or in your 30s, you’ll want to use this as a starting point before you go to sell. 

 

Here’s some of what we discuss in this episode:

• After the ownership and use test, how much of the gain can you exclude from tax?
• Do home improvements reduce the taxable gain?  
• How is it different if you inherit a home and then sell it?
• What are the rules after one spouse dies?

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.