Grace & Agape Real Estate Services, LLC

Understanding Capital Gains in Real Estate

Understanding Capital Gains Tax At real estate closings I often hear sellers ask the title agents about capital gains.  While I always recommend they speak to their accountants, in this article the National Association of Realtors offers a great explanation including how to calculate gain and the special exemption for real estate capital gains.

Need to speak with a tax professional? 

I highly recommend Dan Dunbar, JD, CPA with ROAR Consulting, LLC for accounting and tax questions: 317-523-9361

 

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