Here’s an important question…
If you’re up against the two-out-of-five-year rule (the rule that enables the $250,000 home-sale exclusion, $500,000 if you’re married), what’s the best tax strategy to use?
You’ll find a detailed answer in the current issue of the Tax Reduction Letter. It’s titled Tax Tips For Home Ownership Sale To An S Corporation. Here’s your chance to read it free!
Three ways our fact-filled article can help you.
- We’ll tell you about a creative, alternative way to sell your house. You don’t have to sell your home to a person. You can sell your home to your S corporation to protect your $250,000/$500,000 exclusion! Read the full article.
- What happens if you sell to someone you’re related to? Not a problem. Our article gives you detailed examples of how to handle this type of transaction. Read the full article.
- Can the homeowner continue to live in the home after the sale, assuming fair rent is paid? The answer may surprise you! Read the full article.