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Here’s more about how to calculate your potential profit on a home sale. ... and will be much more expensive for a long-distance move than it will for a local one. If you need to store your ...
While long-term capital gain rates can be 0%, 15% or 20%, keep in mind that any gain that exceeds the exclusion limit may also be subject to the net investment income tax (NIIT), a 3.8% tax that ...
If you do sell your home for a profit, you may be able to exclude up to $250,000 of capital gains from the sale (or up to $500,000 for married couples filing jointly) from your taxes. For this to ...
Can I sell my house after 2 years? Of course you can. But, in an ideal world, you’d want to stay in your home long enough not to lose money on the transaction.
In this scenario, your total costs might range from around $326,781 to $345,274. That leaves you with net proceeds from that $450,000 sale ranging from $104,726 to $123,219. Either way, it’s a ...
Selling a house isn’t all profit: There are closing costs and other payments that must be covered, including real estate commissions and paying off whatever balance remains on your mortgage ...
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