When it comes to claiming the $250,000 home- sale deduction, things get tricky fast.
That’s why you need to read my new article.
“Claiming the $250,000 Exclusion
When Your Name Isn’t on the Deed”
To get my complete article
with all the details…
A quick review of the home-sale exclusion.
For a short explanation, let’s get it from the horse’s mouth. Here’s what the IRS has to say…
“If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 if you file a joint return with your spouse.”
Sounds good. Sounds cut and dried. But it isn’t.
If your name is not on the deed, it’s a whole new ball game.
You see, the IRS isn’t clear on whether you can claim your valuable deduction if your signature is missing.
At this point you need help and I’ll provide it.
Here’s what I’ll explain when you read my new article.
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- The important distinction between “equitable ownership” and “owned and used.”
- The significance of the Blanton case. (It offers some encouraging news.)
- The crucial importance of Form 1099-S…and more.
If all these issues sound complicated, and they are, my new article will make them crystal clear.
To get all the important information you need…
CLICK HERE and read my complete new article titled…
“Claiming the $250,000 Exclusion
When Your Name Isn’t on the Deed”