Home Selling in Prospect Heights : Real Estate Advice

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Luke Constan…, Real Estate Pro in Brooklyn, NY
Luke Constantino answered:
I have a home office. Can I deduct expenses like mortgage, utilities, etc., but not deduct depreciation so that when I sell this house, the basis
Yes you can deduct expenses, utilities, ect. and not deduct the depreciation.
But just to make sure, check with a tax attorney.

Luke Constantino
Realtor
REMAX NEW YORK
(212) 30 ... more
0 votes Share Flag Sat Mar 23, 2013 Home Selling in Prospect Heights
Michael Rich…, Real Estate Pro in NY,
Michael Richman answered:
If I take the exclusion of capital gain on the sale of my house this year, can I also take the exclusion again if I sell my new home in the future?
The capital gains exclusion can be taken once every 2 years on the sale of a primary residence.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Su ... more
0 votes Share Flag Sat Mar 23, 2013 Home Selling in Prospect Heights
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