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Get your taxes done using TurboTax
I started my taxes finally but got stuck after it advised me to continue along with TurboTax Premiere. I've never had to use this version, but guess when you sell your primary home and buy a new one, you can deduct some of the expenses on the seller side of your settlement statement from the title company. However, I'm stuck there because I don't know if I can deduct home repairs that led up to the sale of that house. Since the married cap for capital gains is $500K, we avoided that (our sale price was about half that and still nearly doubled the money my husband paid when he bought the place 15 yrs prior). Grandpa was right - real estate is still one of the best investments you can make.
March 31, 2019
12:52 PM