Knowing the Tax Rules and Legal Requirements That Come With Selling a Home
Selling a home is not only about finding a buyer—it also involves taxes and legal steps. In many cases, sellers must pay capital gains tax if the profit is high. There are also closing costs, contracts, and property disclosures that need to be handled correctly. Missing any legal requirement may cause delays or extra expenses. It’s a good idea to consult a professional or at least research the rules in your state before listing your home. This preparation helps you avoid surprises, keeps the process smooth, and ensures that you meet all tax and legal obligations while selling your property.
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