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Selling Your Vacation Home? Watch out for These Tax Surprises

Selling Your Vacation Home? Watch out for These Tax Surprises

If you’re selling your second home, be sure to hold back some of your profits so you have enough cash to pay the tax bill.
Selling Your Home Could Cost Capital Gains Tax on Real Estate

Selling Your Home Could Cost Capital Gains Tax on Real Estate

Any financial gains from a home sale must be reported to the IRS when filing your tax return.