How Does Saved Listings Work?

To save a listing to your list of favorites, click into the listing you're interested in and simply click the "Save Listing" button from the listing details page.

You have now saved your listing!

To view your saved listings, click on the top " Saved Listings" link at the top of the screen near the menu. Save as many as you want and catalog them with this easy-to-use feature!

This feature works by storing an HTTP cookie on your machine to store and retrieve your list of favorites. To clear all favorite listings, simply clear out your browser's cookies (under the browser's settings).

Real Estate Tips

« Back | Home

Capital Gains Tax on Home Sales

CAPITAL GAINS TAX EXCLUSION

When selling a primary residence you've owned for at least two years, you can exclude up to $250,000 in gains as a single filer or $500,000 as a married couple by deducting these expenses.

PARTIAL EXCLUSION

If you have lived in your home less than two years but have a qualified reason to sell, you may be eligible to exclude a portion of your taxable gain. Qualifying criteria include needing to sell due to a death in the family, job loss, damages to your home by a natural disaster, or a significant life change, such as a divorce.

QUALIFYING DEDUCTIONS

If you've made any major home renovations, you may be able to lower your capital gains tax by deducting these expenses. Keep in mind that improvements to the house must increase its overall resale value, and not simply be for regular upkeep and maintenance.

OFFSET GAINS WITH LOSSES

Tax-loss harvesting is a strategy that enables you to realize an investment loss in one area of your portfolio and use it to offset capital gains from a home sale. For example, a home seller who makes a $300,000 profit while realizing a loss of $40,000 by selling another asset may be able to offset that loss against the profit to reduce the capital gains tax.