Selling Your Home Tax & Exclusion Requirements 2018 2019

Income tax 2018 2019 selling your home - Exemptions, basis, improvements, gain, and more. See links below to jump to point in the presentation. 0:45 Example Problem – Documents, Forms, & Calculations 24:48 Example Problem – Tax Forms 39:21 Introduction 40:42 Does Your Home Sale Qualify for the Expulsion of Gain? 52:12 Eligibility Test 1:05:35 Vacant Land Next to Home 1:09:00 Like Kind / 1031 Exchange 1:12:36 Final Determination of Eligibility 1:13:21 Does Your Home Qualify for a Partial Exclusion of Gain? 1:18:55 Worksheet to Find Your Exclusion Limit 1:27:47 Figuring Gain or Loss 1:34:54 Improvements 1:45:22 Home Acquired Through a Trade 1:47:14 Home Destroyed, Condemned, or Received in Divorce 1:51:21 Home Received as Gift, Home Inherited 2:07:04 Business or Rental Use of Home 2:23:43 How Much is Taxable 2:32:30 Reporting Your Home Sale 2:46:05 Reporting Deductions Related to Your Home Sale Publication 587 link The purpose of this publication is to provide information on figuring and claiming the deduction for business use of your home. The term “home” includes a house, apartment, condominium, mobile home, boat, or similar property which provides basic living accommodations. It also in-cludes structures on the property, such as an unattached garage, studio, barn, or greenhouse. However, it does not include any part of your property used exclusively as a ho-tel, motel, inn, or similar establishment.Qualifying for a Deduction gives the requirements for qualifying to...