Hello all, I'm selling my first home next month - I know I need to report proceeds using a 1099S correct? Also, I've been hearing now that if I don't use the equity that I've accrued within a certain time frame that I will owe additional tax....can anyone educate me on this as a first time seller of a property? I'm in the US, Minnesota. Thx!
Submitted March 20, 2017 at 10:38AM by glassjazz http://ift.tt/2n0y680
