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I have a question about capital gains when I sell my home in…

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I have a question about capital gains when I sell my home in Hawaii.

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I am active military stationed in Hawaii. Home of record is PA. Married and will be filing jointly next year.

Accountant's Assistant: Is there anything else the Accountant should be aware of?

I am figuring to clear around $40K after sale (minus improvement deductions)

Submitted: 18 days ago.Category: Tax
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6/1/2018
Tax Professional: Barbara, Enrolled Agent replied 18 days ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,146
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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