Category Archives: Tax-Free Exchange

Big Gain on Home – and Military Home Issues

Today TaxMama® hears from Joe in the TaxQuips Forum.  Joe has just returned from 30 years of service in the armed forces. He hasn’t lived in his home for most of that time, so it doesn’t qualify for the personal residence exclusion. Now it’s time to sell. And Joe has a few questions about the […]

Selling Rental House

  Today TaxMama hears from Debra in the TaxQuips Forum who wants to know. “How can I sell my rental home without paying taxes on the profit?” (Actually, the question is much longer. You can read the details, here.)

Profit on Vacation Home

Today TaxMama hears from Lucylle in the TaxQuips Forum, with this question. “We want to sell our vacation home in Maine and buy another.  Will we have to pay capital gains tax on it even if we buy another of equal value?”