Smart Strategies to Minimize Taxes When Downsizing for Retirement
Saturday, 30 March 2024, 19:20
Effective Strategies for Tax-Efficient Downsizing
In most cases, when selling your primary residence, you can exclude $500,000 of the gain if you file as a married couple. If that's your situation, and you meet conditions to have the gain qualify as a long-term capital gain, you likely won't owe any tax. If you file singly while still meeting long-term capital…
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