Tax issues when selling your home

Don’t Let the IRS “tax man” take you by surprise!

When selling real estate, there are a number of factors to consider that have significant tax implications. How long did you own the property? Was it your primary residence? Was it an investment property? How can I defer my taxes?

These are all factors that contribute to the way income on your real estate investment is taxed. Gate Arty & the Group can assist you in structuring your transaction in such a way to obtain maximum tax benefit, and in some cases, a tax shelter.

If you would like to research on your own, here are a few links to get you started:

Tax Tips when selling a home

IRS Publication 523, Selling Your Home