#home sale

2 stories

#capital gains tax #capital improvements #cost basis #housing market #irmaa #medicare #medicare premium #retirement #retirement planning #section 121 exclusion #social security #ssaa-44

Medicare Surcharge Hidden in Home Sale
Retired couple's home sale and final salary stack on one tax return, triggering Medicare surcharge until SSA-44 fixes it.
24/7 Wall St. · 1m
A $90,000 tax surprise on a house bought for $140,000
A frozen tax break from 1997 is catching homeowners off guard as property values soar.
24/7 Wall St. · 2m