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Tax-Friendly Home Sale Strategies

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Executive Summary

These days, most homeowners are in a pretty comfy spot. Although the real estate market is softening, owners across the country are still reaping the benefits of home prices that appreciated considerably in recent years. In many cases, those gains will be tax free once it comes time for those owners to sell. Unfortunately, sellers with truly substantial gains as well as those who don't meet the home-gain exclusion requirements could be left out in the cold. Ditto for those who simply aren't familiar with what qualifies for the tax-favorable treatment, and wind up missing out on potentially tax-friendly moves.

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