Before preparing your taxes, it’s best to consult with a professional tax advisor. As a Realtor, we can’t give any tax advice, but we can suggest that as a homeowner it’s important to keep track of your expenses. Whether it’s your personal residence or an investment property, you want to make sure you track all improvements and business expenses. You also want to be sure you capture all the expenses related to your sale and purchase, so be sure to review your closing statements.
Here are some additional timeless tips from a segment Holly did on NBC.
It’s critical to consult with a tax advisor or CPA to ensure you are maximizing your deductions. If you need a referral to a tax advisor or CPA, please contact Holly at 480-266-8785 or Holly@Henbest.com.