Did tax laws change that I have to pay interest on the money I made from the sale of my home?
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If you meet the conditions stated and did not get a 1099-S, you don't have to report this sale.
if you put the money in the bank and got interest, that's separate and taxable.
If you meet the conditions stated and did not get a 1099-S, you don't have to report this sale.
if you put the money in the bank and got interest, that's separate and taxable.
No, if this was your principle residence and you lived there the past two years, you should be eligible for the exclusion.
You won’t pay taxes on the first $250,000 (also known as a gain) you make from the sale of your home. If you file jointly, you won’t pay taxes on the first $500,000.
That income is free and clear as long as:
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