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Tax Tips for Home Sellers

I’m not an accountant, so when it comes time for taxes, there are two places to go to: a real accountant and the IRS. Every now and then, the IRS releases a quick sheet of tax tips. Last week they published one for home sellers. Check out this page HERE.

Summer activity is one of the times when home sales volume tends to tick upward, although the spike is smaller here than on the mainland when many people don’t want to sell their home in sub-zero winter temperatures. While the local real estate market is still in a rut by most people’s opinions and won’t be clawing its way out for quite some time according to the latest projections, there are still plenty of people who want to sell their home for one reason or another. If that’s you, then make sure you have a look at that list and speak with your accountant so you don’t waste tens of thousands of dollars — or accidentally skip paying what the government says you actually owe.

Click this link if you you need to sell your house. If you need an accountant referral, just let me know.

Originally from Philly, Mike came to Hawaii via Washington DC and is the founder of HawaiiHousingNews.com and its sponsor, Big Rock Investments, a Hawaii real estate investment company based in Honolulu. Mike buys houses directly from sellers ‘as is’ for cash and helps stop foreclosure by leveraging capital from private lending investors seeking a safe, high return on their capital with the security of discounted real estate. Learn more at http://bigrockinvestments.com.

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