Capital Gains Tax on Real Estate
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How to calculate, pay, and reduce capital gains tax on real estate
Yahoo Finance· 2024-12-10 01:05
Getting a great price for your home can feel like quite the win — but when it comes time to file taxes, you might feel differently. That’s because you could owe capital gains taxes. This is a separate tax on profits made from certain investments, including real estate. And depending on how long you've owned the home and various other factors, these taxes can reach up to 20% of the profit from your sale, adding a hefty amount to your annual tax bill. Fortunately, there are ways to reduce your capital ga ...