TAX TIP OF THE DAY... Sale of your main home.
If you sold your main home that you lived in for 2 of the past 5 years... GREAT NEWS. Use IRS code section 121 to pay zero tax on the gain. You don't need to reinvest in another home anymore. The only catch is that you can only do this once every 2 years.
SHARE WITH A FRIEND.
If you need tax help... www.baboiancpa.com