Earlier posts have covered selling via an auction, and selling on your own (for sale by owner). Today, I want to share information with you on selling to an investor. This is the method to choose if you are in a hurry to sell and you will walk away with hard cash after the...
READ MORETax Considerations of Inherited Property Sales
It is almost impossible for inherited property to qualify for the $250,000/$500,000 tax exclusion. However, with careful planning, sellers can take advantage of other tax loopholes and save thousands of dollars. IRS rules reduce the reportable capital gain from real estate transactions by $250,000 for individuals or $500,000 for married couples filing a joint...
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