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How will selling my property affect my taxes?

How will selling my property affect my taxes?

2020 has been a paramount year for the home sales market. Did you sell a property and wonder if your sales transaction will be taxable? Your Primary Home Generally, the sale of your primary home is not a taxable event. We say generally because this is true as long as...
Is my holiday gift taxable?

Is my holiday gift taxable?

The holidays are a season of generosity, and often during the last few months of the year, we have clients calling to ask, “At what point does a gift become taxable?” In 2020, you are able to gift up to $15,000 to one person without triggering a reportable event. If...