We sold a house and bought a house. What do we need for taxes?
Asked by: Long
In 2012 we sold one house and bought another.
When I called to make our appointment to get our taxes done, I asked what we needed to bring since we sold and bought houses. I swear she told me we don’t need to bring anything at all (as long as we didn’t make $ 250,000 or more on the sale).
I’ve been googling about it a little and from what I can tell we should be getting credits or deductions…something about points, closing costs, sales or property taxes…I know I don’t understand all that…
Anyway, did I hear her wrong? Should I call back and ask again? Find a different tax preparer? Or is that right that we don’t need to bring anything?
Thanks in advance for your help. I hope the question is clear.