CPAofFlorida WOW – Tax Gotchas From I Sold My House Now What
A question we often get when you sell your house and you are filing your tax return is how to report this correctly. This podcast will discuss the differences between selling your personal residence and selling your second home. It will discuss the requirements and the amount of gain that can be tax-free if you can qualify as a personal residence. It will also discuss alternative second home options such as a RV, yacht or vacation home. We will also discuss Whether it is beneficial to offset multiple sales of residences with gains and losses within the same year.