Redfin Offers Tax Tips for Home Sellers
Redfin writer Scott Kelly shared a new blog post on Tuesday, providing home sellers with a set of four tips to keep in mind, now that tax season is upon us.
In the post, Kelly urges sellers to make sure you don’t owe capital gains tax, and if you do, be sure to calculate your cost basis.
In addition, if you’re moving for a new job, you should keep in mind that you can often deduct your moving expense.
And finally, remember that if you sold your home for less than you owed in 2014, you won’t have to pay any home-related taxes.
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