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Tax Considerations >Capital Gains Exemptions Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.
A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.
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Where is the world's tallest apartment block?
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| A |
The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
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 See More Real Estate Trivia > |
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The Premier Group
The Premier Group of Oshkosh, Inc.
3475 Omro Road Suite 100
Oshkosh, WI 54904
920-379-9749
Fax: 920-236-3807
premiergroup@NUMBER1EXPERT.com
Kevin Purtell is the Broker/Owner of the highly dynamic and effective Premier Group of Oshkosh Inc. and part of the team of 15 full-time dedicated sales people within the company. Kevin has been actively licensed as a broker since 1980. In addition to his residential listing and sales specialty, Kevin has been involved in 5 topnotch residential developments and recently began developing commercial property. 
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