Homeowners, beware: You may be hit with a large federal tax bill when you sell your principal residence if your property is in an area where market values have skyrocketed over the years. Fortunately, two breaks might reduce the tax hit: 1) the home sale gain exclusion, and 2) tax-deferred like-kind exchanges. Here’s a strategy that could potentially save you and your family significant tax dollars.
The CBD Blog
Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.