Demetrius J. Karos, Ltd. Tax Representation From A Former IRS Employee

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Posts tagged "gain"

Capital Gains are a nice

Capital gains are nice for two reasons. One, you probably made money. The second reason is that they might be taxed at a lower rate. Capital loss are the opposite. First, you lost money. Second, the losses might be limited.

Do I have to pay income taxes on the sale of my home?

In most cases, there may be no additional income tax when a taxpayer sells their personal residence. However, there are a number of issues that surround the typical sale of the home that may require you to contact your tax professional for clarification. Here are a few tips for consideration:

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