Most people follow the straightforward path of real estate: We buy, we own our home, we live there for a number of years, the house appreciates in value, and we sell it. Do we pay taxes on that ...

n today’s hot housing market, many taxpayers are selling their residences and moving. The tax code aids this endeavor: Under IRC section 121(a) and (b), taxpayers can exclude up to $250,000 of the ...

Many home sellers have seen rapid appreciation of their home’s value in recent years, leaving them vulnerable to capital gains beyond the principal-residence exclusion under IRC section 121of $250,000 ...