IRS Publishes Tax Reminders Regarding Home Sales
Posted in News, Offshore Account Update on May 31, 2022
With prices climbing dramatically due to inventory shortages and historically low-interest rates early in the year, many U.S. residents have chosen to sell their homes in 2022. In response, the IRS recently published a Tax Tip reminding us of the tax implications of selling a residential property. In this article US International Tax Advisors covers some of the highlights:
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