Well it's a 15 percent federal tax, those who live in New York City, you do have New York State and city taxes which add up to another 11, 12 percent on top of that.
David Sands
It's certainly an income generator for the government.
government income
For a 'married filing-jointly' couple, who've lived in the home two out of the last five years, the exclusion from gain would be about 00,000. For those who are single, 50,000.
home gain single
live city taxes state tax
If you do not have those receipts I would certainly take pictures of those things you made improvements. And to the best you can, try to get those receipts or look for old checks, or however you may have paid, just to have that proof of record.
proof pictures things made
You must log in to post a comment.
There are no comments yet.