Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Selling in Lindenhurst : Real Estate Advice

  • All42
  • Local Info3
  • Home Buying13
  • Home Selling1
  • Market Conditions0

Activity 2
Sat Feb 4, 2012
Atlantic Team answered:
Recommended by my past clients:

Despatch of Southampton Moving & Storage, LLC. (0577)
554 Hill St., Southampton, NY 11968
Phone: (631) 283-3000
Fax: (631) 283-3051

Twin Forks Moving & Storage Ltd.
PO Box 1889, Bridgehampton, NY 11932
Phone: (631) 725-7700
Fax: (631) 725-7619
... more
1 vote 3 answers Share Flag
Wed Dec 30, 2009
Gail Gladstone answered:
The answer to your question, Elaine, is that after 2 years, each owner of the property is entitled to profit by $250,000 upon sale.

The really good news is save all of your receipts for work on the house....you deduct all improvements from the profit first.

So, if you paid $200,000 and improved the house $100,000, you could sell it for $550,000 without paying any additional taxes.
... more
0 votes 5 answers Share Flag
Search Advice
Search
Home Selling in Lindenhurst Zip Codes

Followers

235