The truth about capital gains tax when you downsize in Tampa Bay

capital gains tax downsizing Tampa Bay home sale

There’s a misunderstanding about the “$250,000 exclusion” that I hear constantly, and your cost basis is a big part of that picture. People think it means: if my house sells for more than $250,000, I owe taxes. That’s not what it means. Not even close. This confusion is keeping people from making moves they’re financially … Read more

What Happens When One Spouse Wants to Sell the House and the Other Doesn’t?

woman signing divorce papers Florida home sale

A quitclaim deed is one of the most misunderstood documents in real estate, one of the most common calls I get goes like this: “He wants to stay and I want to sell.” Or the reverse: “She wants to keep it, but I need to move forward.” You’re ready. The house isn’t, because your spouse … Read more