Las Vegas Real Estate Blog

So You Think You Know Capital Gains? 10 Facts You May Not Know

Capital Gains may not be as clear-cut as you think.  If you're planning on selling your home, or are just interested in gaining knowledge on the subject, check out these 10 facts about Capital Gains.

1.  The exclusion only applies to your primary residence

Your primary residence is the one you live in most of the time. If you own and live in more than one property, you can nominate any one of them as your primary residence.  However, you can’t be disingenuous to get the tax concession.  The IRS applies certain tests to make sure the home you nominate is your primary residence. Where you work, where other family members spend a major part of their time and where you vote all play a part in determining your primary residence.

2.  To claim the exemption, you must live in the home for at least 2 years before selling

The 24 months do not have to run concurrently. So, you could live in the property for 18 months, move...


THE FRIDAY BUZZ! A Local's Guide To What's Happening In Vegas This Weekend!

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Top Rhodes Ranch Homes For Sale

RHODES RANCH - A Desert Oasis In The Las Vegas Desert!  Within this stunning gated community are dozens of amenities for all tastes.

From the award-winning golf course, children's water park, and vast fitness opportunities, Rhodes Ranch Homes have something for everyone.

Instead of searching through dozens of sites and listing for Homes For Sale In Rhodes Ranch, The Morcom Group has compiled them all together right here!

Just CLICK HERE for a list that updates DAILY!  And as always let us know if you ever want to take a look!

Not sure what Rhodes Ranch has to offer? Check out some of the amenities below, and our TOP PICKS of the houses for sale in Rhodes Ranch.


The Friday Buzz


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