Tax Implications

Most of our sellers make a profit when they sell their home. They often have questions about capital gains and how the tax will impact them.

If you are selling your primary residence, you do not have to worry about paying taxes on your profits if your gain does not exceed $250,000 as a single taxpayer, or $500,000 as a married couple filing jointly. The new tax law comes for the Taxpayer Relief Act passed in August of 1997. Regardless of your age, you are now free to roll from none to all of your gain into another home with further tax consequences.

Juniper Realty has the latest Tax brochure, give us a call, 781-769-4818 or email us at juniperrealty@aol.com

For professional advice on all aspects of buying and selling real estate call Juniper Realty, 781-769-4818 or email us at juniperrealty@aol.com