2014 Federal Income Tax guidance
Any help out there would be appreciated. I am currently traveling full time with my family for a year now. We sold our house LAST year and bought a fifth wheel and truck to start our adventure. We are...
Forum Discussion
paulcardoza wrote:
Are you really going to follow Income Tax advice from a FREE Internet Forum? Go see an CPA! Especially with the sale of your home to deal with.
There is nothing complicated about selling an house and reporting it. I have done it several times and never, ever had a problem. Since the gain on a home - not a flip house - is not taxed up to $250K for single ($500K - married) the house is just a yes we did, check here, nothing do, move on to the next form. Turbo Tax is an easy walk through and if you have all of the W-2s from the different states that you worked in, will let you know what state taxes you will need to file and how to do it.
Barb
