Income Tax Tips From The IRS When Selling Your Home

shoe house

Here are some things the IRS suggests you keep in mind when selling a home.  As always, for advice on tax planning and compliance, check with your accountant and/or the Internal Revenue Service for guidance before taking any action.

1. Taxpayers who sell a home may qualify to exclude from their income all or part of any gain from the sale. To claim the income tax exclusion, the homeowner must have owned the home for at least two years, and lived in the home as their main home for at least two years, during a five-year period ending on the date of the sale.

Dennis Schaade Joins Coldwell Banker Residential Brokerage McMullen Office!

Dennis Schaade head shot

We're pleased to welcome Dennis Schaade to our team of professional REALTORS®!

Dennis became licensed as a real estate Agent in the spring of 2003.  He can't believe this coming spring will be 15 years! 

He has been around real estate sales since he was a child. His mother is a real estate agent. There are vivid memories of going on some showing appointments with her, which he always looked forward to, and he remembers all the paperwork and files his mom would have on the dining room table.