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Cohen, Burns, Hard & Paul is a general practice firm concentrating in real estate and commercial law, personal injury, litigation, bankruptcy, landlord/tenant, family law and criminal law. We are committed to achieving the highest level of professional standards in meeting your legal needs. We invite you to contact us by phone, fax, or email. We promise you a prompt reply to your inquiry. |
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A Homeowner History Lesson Let's go back in time. Way back to May of 1997. Prior to that time, homeowners looking to sell their primary residence had to pay capital gains taxes to the federal government on any gain realized on the sale. To avoid the tax liability, the seller had to roll the gain over into the purchase of another home. As an alternative, Americans aged 55 or older had available to them a once-in-a-lifetime capital gains tax exemption in the amount of $125,000. Read more... |
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