Rahal Real Estate LLC

Tag: Tax Tips

Posted on 06/28/2020
Selling a Home: Tax Considerations
Photo by Acharaporn Kamornboonyarush from Pexels In a nutshell, if you have owned a home for five years and lived in it for at least two out of five years, or if you’ve owned the house for two years and lived in it the entire time, a single person has a $250,000 tax exemption. If you are married,...
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Posted on 10/20/2019
Confusion Around the Word “Abatement” in Real Estate
Each industry comes with a vocabulary of its own, and in real estate, some of that vocabulary is downright confusing. So, if you find yourself stumped by lingo, jargon, or acronyms, you’re not alone. One of the most confusing words in the real estate industry is “abatement.” In legal terms, to abate means to remove, lessen, or diminish...
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