You sell your property for a lot of money.\u00a0 But as the saying goes,\u00a0it’s not what you MAKE but what you KEEP that counts!<\/p>\n
Wouldn’t you like to know upfront how to\u00a0net the most out of your sale?\u00a0
\n\u00a0
\nGet\u00a0an Estimated Seller\u00a0of\u00a0Proceeds\u00a0aka a NET Sheet.\u00a0 What are the costs of selling?\u00a0 I will work with the Escrow officer to get you this important information for multiple price points.\u00a0<\/p>\n
It’s important to put together a list with all money you’ve spent on capital improvements\u00a0during the entire time you’ve owned the home, even if it’s been for thirty years. Yes, it’s a lot of work but it’s super important in establishing your basis for capital gains. <\/p>\n
Then what?\u00a0 Talk to your CPA.<\/p>\n
Based on your estimated net proceeds, perhaps there might\u00a0be a situation where you\u00a0could\u00a0offset\u00a0some or even all of\u00a0your capital gains?\u00a0\u00a0Expecting a loss from a business or other investment that will flow through to your personal return?\u00a0\u00a0Appropriate timing of a sale\u00a0could allow you to write off some of your gains, making a\u00a0big difference in what you keep.<\/p>\n
Timing is everything in life!\u00a0<\/p>\n
Photo by Skitterphoto on Pexels<\/p>\n","protected":false},"excerpt":{"rendered":"
You sell your property for a lot of money.\u00a0 But as the saying goes,\u00a0it’s not what you MAKE but what you KEEP that counts! Wouldn’t you like to know upfront how to\u00a0net the most out of your sale?\u00a0 \u00a0 Get\u00a0an Estimated Seller\u00a0of\u00a0Proceeds\u00a0aka a NET Sheet.\u00a0 What are the costs of selling?\u00a0 I will work with […]<\/p>\n","protected":false},"author":2,"featured_media":10861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[65,43,15],"acf":[],"yoast_head":"\n