LA VIP AGENT: HOW TO HANDLE TAXES WHEN SELLING YOUR HOME
LA VIP Agent Rod Watson of Compass Real Estate Sports & Entertainment Division here to bring you some valuable information and considerations you may want to consider when selling your home. I've listed some commonly asked questions below along with the answer.
Dear Rod: I am trying to understand the capital gains tax exemption as it applies to the sale of a house. If I have no mortgage and I sell my house before I have lived in it for two of the previous five years that are now required for the exemption, is it based on the total selling price of the house or on the amount over what I paid for it? And what is the tax rate based on?
Industry leaders and top producers address the main challenges they are facing today and what strategies they are implementing to close out 2022 strong.
Expert panelists and Mansion Global reporters will speak to what's next for real estate in an increasingly digital and high-tech landscape, from properties in the metaverse to innovations in sustainable homes.
