Taxes When Selling Your House

Dolphin Financial Radio

When people approach retirement, one of their largest assets is usually their primary residence. In fact, there is often a large capital gain realized when they finally sell that home and move away. In this show we discuss how that gain is created and how it is taxed. Dan also shares details on the surprise tax bill that was heading toward his father when he sold the childhood house after over 50 years. Learn the rules and avoid the surprise tax bills.