A 30-year-old tax provision could be discouraging 13.1 million Americans from selling their homes, lest they face a whopping tax bill on their profits when they want to sell.New data from the National Association of Realtors® shows 15% of all owner-occupied households nationwide could face a major tax bill if they sell their homes. That’s because their expected profit from a sale has risen above t…
Capital Gains Tax on Home Sales May Keep Millions From Moving
