DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

So You Sold Your Home, Now What? Understanding the taxable gain exclusion on home sales

home

If you're considering selling your home or have recently sold your home, there are possible tax consequences. The good news: much of the gain on the sale of your home may be tax exempt. Here's what you need to know:

Continue reading
0
  1645 Hits

Did you get bit by the gold buying bug? Careful about the wounds...

Did you get bit by the gold buying bug? Careful about the wounds...

Have you acquired gold as an investment hedge the last few years?

Watch out for a tax whammy. Gold is subject to a special long-term capital gains rate, significantly higher than the usual rate!  In fact, depending on your situation, a long-term capital gain resulting from the sale of gold could trigger a tax rate almost double the rate you’re paying on your other long term gains.

Continue reading
1
  25676 Hits
 

Speed Up Your Success!

Contact Us Today: 1-805-389-7300

© 2006-2018 Michael DiSabatino, CPA. All Rights Reserved.