Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I am about to sell my home I have lived in for the last 10 years. I will profit about $20,000 after paying off my mortgages. Will I have to pay Uncle Sam any tax on that $$$ and if I do any suggestions to make the bite easier to take?

Thanks for the help

Gary in Las Vegas.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.