I Sold My Home While Owning a Home-Based Business: What Do I Do?

Did you make more than $250,000 when you sold your home as a single taxpayer? Or, more than $500,000 as a married filing joint taxpayer? Then, this article if for you!

White house sold while having a home-based business

By now, someone has probably told you that you do not have to include the money you made from the sale of your home on your tax return. That advice is not always true. It is the general rule, but there are a few exceptions to the rule.

To exclude all the gain from the sale of your home, you must answer no to these four questions:

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