HERE ARE 5 TAX DEDUCTIONS YOU HAVE WHEN SELLING A HOME:

 

1) SELLING COSTS

2) HOME IMPROVEMENTS/REPAIRS

3) PROPERTY TAXES - CAN DEDUCT UP TO $10,000

4) MORTGAGE INSURANCE

5) CAPITAL GAINS TAX FOR SELLERS - IT'S REALLY AN EXCLUSION (UP TO $250,000 IF YOU ARE SINGLE, & $500,000 IF YOU ARE MARRIED)

 

CHECK OUT THE ARTICLE BELOW FOR MORE DETAILS:

 

https://www.realtor.com/advice/sell/tax-deductions-when-selling-a-home/

 

WITH GRATITUDE - BLUE RIDGE PROPERTIES GROUP