asset sale

When it comes to taxes, there rarely are quick questions. Or, let me put it another way, if you consistently get quick answers from your quick questions – run, don’t walk, to another advisor. That’s because on the surface it might seem like a quick question, but there is often more to it. For example, “I am selling my principal house that I lived in for over two years and getting back $100,000, do I have to pay tax?”