Homeowners Can Take Home Sale Exclusion and Still Retain Suspended Passive Losses

In a big victory for homeowners (especially landlord/homeowners), the IRS says that you don't have to offset suspended passive losses from any profit excluded under the $250,000/$500,000 tax exclusion.

Determining Your Home's Tax Basis

Your tax basis in your home will be a key factor in calculating your tax gain or loss when you sell your home.

The $250,000/$500,000 Home Sale Tax Exclusion

Don't miss out on one of the most valuable deductions ever when you sell your house.

Exceptions to the Home Sale Exclusion Two Year Rule

Learn how you might still qualify for this incredibly valuable deduction even if you don't meet all the requirements.

Will You Have to Pay the 3.8% Medicare Tax When You Sell Your House?

Find out more about the new Medicare tax on unearned income.

Taxes When You Sell a House Containing a Home Office

A home office can provide a great tax deduction if you have a business, or are an employee and qualify for the deduction.

Deducting a Loss on the Sale of a Home

Losses on personal residence sales are not deductible unless you have converted the property to a rental.

The Partial Home Sale Tax Exclusion and IRS-Approved Unforeseen Circumstances

The IRS is fairly lenient in granting the partial home sale tax exclusion if you have a good excuse for not living in your home for two year period before you sell.