W Properties announces tips to sellers on how to avoid capital gains when selling a house to ensure they can walk away with more money in their pocket. Although sellers may receive a competitive offer for the property they’re selling, it doesn’t mean that they’ll get to keep all of the profit because the IRS will want their share with taxes levied on capital gains.
W Properties advises sellers to take advantage of tax breaks if they’ve owned the property for at least two years and have lived in the home for at least two years of the last five years. The two years don’t have to be consecutive. Selling the home quickly can also allow the seller to avoid paying capital gains. Reducing capital gains is also possible if homeowners keep thorough records of home improvements that have been performed on the property.
For more information about the business and its services, sellers are encouraged to visit the website at W Properties or call (405) 673-4901.
About W Properties: W Properties is Oklahoma City’s premier home buying company that buys residential properties in any condition at fair prices. The company guarantees a simple and straightforward process without any fees that need to be paid by the seller because all of the costs are covered by W Properties.
Company name: W Properties
Address: 1004 NW 49th Street
City: Oklahoma City
State: OK
Zip code: 73118
Telephone number: (405) 673-4901
Website URL : http://www.wpropertiesok.com/