Do you or anyone you know live in one of the neighborhoods below? We’ve kept home sales statistics for each of these since 2012 (since 2007 for Forest North) and just posted April’s numbers for each of them. Please feel free to pass these links along to someone you know who lives in that neighborhood:
Did you know you can exclude most, if not all of the taxable income from the gain on the sale of your home? The IRS allows a seller to exclude from taxable income a gain of up to $250,000 on the sale of their home (or $500,000 if married filing jointly) if they:
owned the home and used it as their principal residence during at least two of the last five years before the sale
didn’t acquire the home through a 1031 exchange during the past five years
didn’t exclude a gain on another home sold during the two years before the current sale
To learn more, see: Excluding Gain from the Sale of Your Home. It might make sense to cash-in on the large equity gain most Austin-area homeowners have seen since the bull market began in spring of 2011.
Contact the Thomas & Kauffman Team today if you would like to buy or sell a home in the northwest Austin metro area (or any other areas for that matter) - phone/text: (512) 730-1252 or info@AustinTxHomeSales.com.
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