Saturday, October 20, 2018
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Randi F. Rainmaker
CLHMS, GRI, ABR, CCIM, ePro, EcoBroker
Gooder Group
2724 Dorr Ave, Ste 103
Fairfax, Virginia 22031

Office: 703-698-7750
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Do I need to reinvest my proceeds to avoid taxes?

Taxes When you sell your old home you do not need to reinvest all, or any, of the cash received into a new home in order to avoid taxes. Since 1997, Uncle Sam doesn't care how you reinvest the proceeds (savings, vacation, car purchase, bill consolidation, etc). Any gains up to $500,000 for married couples and up to $250,000 for singles are tax free, as long as:
  • You’re selling a principal residence.
  • You’ve lived in the house 2 of the last 5 years.
  • You haven’t sold your previous house within 24 months.
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HOME SELLER How To Put Your Sales On The Fast Track
PRICING Beat Your Competition To The Contract
SHOWCASING Set The Stage For A Quick Sale
THE DEAL Proven Tips To Turn An Offer Into A Solid Contract Fast
TAKE ONE How To Package Your Home To Sell
SOLD How To Attract More Buyers With Seller Financing
INCENTIVES 12 Contract Options That Entice Today's Buyers
SELL OR REMODEL How To Get The Most For Your Money
UPSCALE RESALE Seven High-Cost Mistakes To Avoid
CONTRACT Who’s Offering What, When And How For Your Home
SINGLE AGAIN How Divorce And Death Affect Home-Sale Taxes
TAX MOVES Seven Smart Strategies For Today’s Tax Game
TWO MINUTE DRILL Timely Tips For Short-Notice Home Showings
 
       
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