Selling your home to downsize can make your retirement more financially stable, but if you have a profit on the sale you might owe capital gains taxes. Fortunately, in many cases those selling their ...

Add Yahoo as a preferred source to see more of our stories on Google. Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury ...

When you sell your primary home, the IRS allows you to exclude a significant portion of the profit from your taxes. This exclusion – $250,000 for single filers and $500,000 for married, joint filers – ...

Many people purchase second homes without fully understanding the tax consequences. Second home ownership has tax benefits but also carries potential tax traps.

Dear Liz: We read your recent column about capital gains and home sales. Our understanding is that if you sell and then buy a property of equal or greater value within the 180-day window, the basis ...

Add Yahoo as a preferred source to see more of our stories on Google. Years of soaring home prices have turned ordinary homeowners into accidental millionaires—and, in many cases, unexpected taxpayers ...

In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...