The Macchiusi Sales Team, Weiss Realty Ltd Brokerage (2022)
Starting for the 2016 tax year, filing in April 2017, homeowners will need to report the sale of their principal residence on their tax forms.
While there are not any changes to the principal residence capital gains exception itself, the reporting requirements will affect your planning should you own two or more properties anywhere in the world.
Your principal residence can be any of the following types of housing units:
Maximizing your investment returns requires due diligence and expert advice. Always rely on an experienced professional.
The Macchiusi Sales Team - Weiss Realty Ltd. Real Estate Brokerage (2022)