Your Home Sale Could Trigger Capital Gains Taxes

Kate Dore, CFP of CNBC.com quotes local Manchester, CT CFP Thomas Scanlon on Thursday, May 13, 2024. KEY POINTS As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could reduce your bill, experts say. Most Americans do not owe taxes for selling a primary residence because of a… Continue Reading: Your Home Sale Could Trigger Capital Gains Taxes

Tom Quoted on CNBC about Tax Consequences of Getting Proof of Home Improvements for Tax Purposes

Local CFP, Local CPA, CFP Thomas F. Scanlon of Manchester, CT quoted by CNBC.com on July 5, 2022. These 5 metros have the most million-dollar homes: If you’re selling, here’s what to know about the tax consequences PUBLISHED TUE, JUL 5 20227:30 AM EDTUPDATED TUE, JUL 5 20227:39 AM EDT Kate Dore, CFP®@KATEDORE KEY POINTS:… Continue Reading: Tom Quoted on CNBC about Tax Consequences of Getting Proof of Home Improvements for Tax Purposes