Major life milestones often have a major tax impact. Changes in your marital status, having a baby or adopting a child can have significant impact on your taxes. This is the place to ask questions about dependents, real estate, and other various scenarios that play a significant role in what taxes you pay.
02-07-2017 09:07 AM
We are selling our house...we have lived in the home 4 years. I'm just a little confused when it comes to capital gains. It says you have to live in the house for 2 of the past "5" years. We have met the 2, is that all that matters? I'm asking because we will make some money on the sale.
02-07-2017 12:03 PM