- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
So, for confirmation (apologies, wanting to cross every box):
Sale of home (250,000) less the cost to sell (Mortgage of 165,000 + realtor fees + closing) = ~75,000
Since that is below the ~169,000 partial exclusion, the entirety is not taxable, correct?
May 23, 2022
1:41 PM