#capital-gains-exclusion
#capital-gains-exclusion

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The OBBBA has a significant tax change for founders tucked away inside, lifting the cap to $75 million with many opportunities to turbo-charge business | Fortune

OBBBA expands QSBS: raises per-issuer exclusion to $15M, adds partial exclusions from year three, and raises gross asset cap to $75M.

Real estate

fromSlate Magazine

1 month ago

I Think My Parents Made an Expensive Mistake When They Bought Their House. I Want to Help Them Fix It.

Adding a spouse to a home's deed can increase the available capital-gains exclusion from $250,000 to $500,000, potentially saving tens of thousands in taxes.

Real estate

fromRedfin | Real Estate Tips for Home Buying, Selling & More

2 months ago

Reporting a Home Sale On Your Tax Return: What You Need To Know

Report a home sale on tax returns when Form 1099‑S is issued or when taxable gain exceeds the $250,000/$500,000 exclusion limits; otherwise reporting may not be required.

Real estate

fromSFGATE

5 months ago

12.5% of Homeowners in Illinois Will Face a Hidden Home Equity Tax If They Sell

Homeowners in Illinois face hidden home equity taxes due to outdated capital gains exclusions, affecting over 1 in 8 sellers amid rising home values.

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#capital-gains-exclusion#capital-gains-exclusion

The OBBBA has a significant tax change for founders tucked away inside, lifting the cap to $75 million with many opportunities to turbo-charge business | Fortune

I Think My Parents Made an Expensive Mistake When They Bought Their House. I Want to Help Them Fix It.

Reporting a Home Sale On Your Tax Return: What You Need To Know

12.5% of Homeowners in Illinois Will Face a Hidden Home Equity Tax If They Sell

#capital-gains-exclusion
#capital-gains-exclusion