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2. Avoid Capital Gains Tax When Selling a House - AOL

   www.aol.com/avoid-capital-gains-tax-selling...

   Taxes come into play almost any time you make money. So, if you make a profit off the sale of your property, you’ll probably run into capital gains tax.For example, if you purchased a property ...

3. Downsizing for Retirement: Will My $620k Profit on My House ...

   www.aol.com/im-selling-house-downsize-retirement...

   When you sell your primary home, the IRS allows you to exclude a significant portion of the profit from your taxes. This exclusion – $250,000 for single filers and $500,000 for married, joint ...

4. I'm Downsizing for Retirement. If I Net $750k When I Sell My ...

   www.aol.com/finance/im-selling-home-netting-750k...

   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 ...

5. Installment sale - Wikipedia

   en.wikipedia.org/wiki/Installment_sale

   If a taxpayer realizes income (e.g., gain) from an installment sale, the income generally may be reported by the taxpayer under the "installment method." [5] The "installment method" is defined as "a method under which the income recognized for any taxable year [ . . . ] is that proportion of the payments received in that year which the gross profit [ . . . ] bears to the total contract price."

6. Will I Owe Taxes if I Sell My Home? - AOL

   www.aol.com/owe-taxes-sell-home-115700974.html

   Your capital gains tax rate depends on your income, tax filing status, and how long you owned the property. For 2024, if you have owned your home for over a year, the long-term capital gains tax ...

7. Real estate transfer tax - Wikipedia

   en.wikipedia.org/wiki/Real_estate_transfer_tax

   Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...