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Albuquerque

Selling Your Home

November 6, 2013 by Roy Vargis CPA, CMA, CFM, CITA, EA, ACMA, CGMA

 Article Highlights   Individuals can exclude up to $250,000 ($500,000 for a married couple filing jointly) of gain from the sale of their primary residence. Generally, to qualify for the exclusion, the home must have been owned and used as a primary residence for two of the prior five years. Reduced exclusions apply in certain circumstances where the home was owned … [Read more...] about Selling Your Home

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