Barb Schlinker The Real Estate Voice

How Bidens Capital Gains Proposal May Hit Some Home Sellers & Investors in a RED Hot MarketSegment 2What are some of the tax issues home sellers must know before putting their Colorado Springs area home up for sale?In 1998 the law changed that provided for sellers to gain:$250,000 for not married$500,000 for marriedI’m Barb Schlinker with Your Home Sold Guaranteed RealtyI attend the closingsdetermine whether or not to issue you a 1099 on the sale of the home.Here are the questions that Determine Whether Title will Issue a 1099:Have you lived in the home for 2 of the last 5 years?Have you used the home for rental or a business?Have you sold another primary residence in the last 2 years?Are you selling this as a 1031 exchange?Investors are Really Getting Squashed by the Biden AdministrationIf you have any questions about this just give us a call at 719 301 3900 OR VISIT www.BarbHasTheBuyers.comHow can sellers find out more about taxes when they sell?Exceptions to the Capital Gain LawsMilitary RelocationJob