What are the tax implications of selling my home?

When you sell your primary residence, you may owe capital gains tax on your profit, but many sellers qualify for an exclusion. You’ll need to know your original cost basis, improvements, selling expenses, and how long you lived in the home to see how much gain is actually taxable. Because rules can change and vary by state, it’s wise to review IRS guidance and talk with a tax professional.

Arthur Yoon

Vice President

EIT, SRS

Redpoint Realty

4221 Wilshire Blvd #130,
Los Angeles, CA 90010, United States

2138002969