Barb Schlinker The Real Estate Voice

Barb, many home sellers worry that they have to set aside money to pay Capital Gain taxes when they sell their homes.  What are some of the tax issues home sellers must know before putting their Colorado Springs area home up for sale?1.In 1998 the law changed that provided for sellers to gain:$250,000 for not married$500,000 for marriedTax FREE on the Sale of A HomeThis Segment is about Taxes when you sell a home and what home sellers should know.I’m Barb Schlinker with Your Home Sold Guaranteed Realty and I have helped thousands of home sellers sell their homes in my career. I attend the closings and I am right there with along side with the title closer, going over the closing documents.There is one document they provide which helps title determine whether or not to issue you a 1099on the sale of the home.Here are the questions that Determine Whether Title will Issues a 1099:Have you lived in the home for 2 of the last 5 years?Have you used the home for rental or a business?Have you sold another primary res