selling a home

When it comes to selling a home, you’ll want to make as much profit as you can. It’s crucial that you understand what tax deductions you can take because there are a lot of expenses that can lower your profits, and you’ll want to recoup them wherever you can. With that in mind, the following are some tax deductions that may be available when selling a home:

  • Home improvement/repairs costs: If you spent money on home renovations to make your home more appealing, then you can write those costs off. An example would be painting the house or fixing an appliance before listing your property.
  • Moving expenses: If you’re an active military member, then you can write off your moving expenses as well. This can include the cost of hiring a professional moving service or the cost of moving long-distance (such as travel costs).
  • Property taxes: Don’t forget you can write off your property taxes up to $10,000 for the last year before selling your house.
  • Selling costs: Certain expenses involved in the home selling process can be deducted:
    • Advertising costs
    • Escrow fees
    • Home staging expenses
    • Legal fees
    • Real estate agent fees
    • …and more. However, this only applies to the sale of your primary home and not investment properties.

These are a few things you may be able to deduct from your taxes when you sell your home. Keep in mind that if you’re selling a home that you lived in for 2 out of the last five years, you likely qualify for the capital gains exclusion as well, which means you can save a significant amount on capital gains taxes.

For more home selling tips, contact us at Randy Lindsay today.


Randy has enjoyed over 32 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

read more

Real Estate in Rock Hill,

Fort Mill and surrounding

York county

Reviews on Zillow
"Randy was very easy to work with. He was open and honest, and always there to answer any questions or concerns we had. He was available and worked ... more "
by Diana Holliday
"My wife and I worked with Randy to sell our home located in the Lake Wylie area. Great job of preparing the information and advertising for the ... more "
by Bruce Dycus
"Randy actually helped us sell our old house and buy our new house. He was honest and hardworking and sold our home in a week. We were pleased with ... more "
by Jennifer Tobin
Mortgage calculator

Find us on Facebook