Team Bjorkman
HomeSmart Santa Clarita
DRE# 01169049
28361 Constellation , Valencia, CA91355
Michael BjorkmanO: (661) 295-1000C: 661-212-8075

Today's News and Features

Q: How Do Capital Gains Work If You Have More Than One Home?

Thursday, August 07, 2014

A: For more than one home, you can exclude the gain only from the sale of your main residence. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is usually the one you live in most often.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com