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I m Selling My House to Downsize for Retirement, and I ll Net $620k Do I Have to Pay Capital Gains Taxes?

When you sell your primary home, the IRS allows you to exclude a significant portion of the profit from your taxes. This exclusion – $250,000 for single filers and $500,000 for married, joint filers – is large enough that many sellers don't end up paying federal taxes on the capital gains from a home sale. […] The post I’m Selling My House to Downsize for Retirement, and I'll Net $620k. Do I Have to Pay Capital Gains Taxes? appeared first on SmartReads by SmartAsset.

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I m Selling My Home and Netting $750k to Downsize for Retirement Do I Have to Pay Capital Gains Taxes?

Suppose you sell your primary home and make a $750,000 profit. Will you owe capital gains tax on that profit? The short answer is yes. Depending on a handful of factors, you may owe tens of thousands of dollars to over a hundred thousand dollars. Your exact tax liability could vary drastically, so knowing what […] The post I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes? appeared first on SmartReads by SmartAsset.

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Netflix: Password sharing undermines business, warns crackdown

Netflix: Password sharing undermines business, warns crackdown
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Adobe (ADBE) to Post Q2 Earning: What s in the Offing?

Adobe (ADBE) to Post Q2 Earning: What s in the Offing?
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Sold Your Home for Profit? You Might Have to Pay Capital Gains Tax

Capital gains tax is not only applicable to stock investors if you're one of the many who sold their home for a major profit this year, you might owe the IRS. See: 32 Insider Tips for Buying and.

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