Houston Real Estate Resources
Texas Tax Implications When Selling Real estateWhen selling your fine Houston home, be aware that there are many details to consider. One critical item you should keep in mind are the tax implications involved in the sale of your Houston area property. Many Houston home sellers fail to remember all the details that are involved when tax time rolls around, and the benefits you may be entitled to as a home seller.
As your Houston realtors, Meg and Jim Zoller of The Zoller Group recommends you consult with your tax attroney, finanicial advisor, or tax accountant to determine what deductions you are allowed to take on your Federal income tax returns regarding the sale of your Houston area home, townhome or condominium. For your convenience, we have included the IRS Publication #523 on Selling Your Home.
We have also included IRS Publication #946 How To Depreciate Property.
For more information on the impact of taxes and taxation changes when selling your fine Houston home, contact us- your local Houston real estate experts, for all your Houston area home selling needs.