| Home | July 2022News | Levine, Jacobs & Company, LLC, Member Offers Tax Advice After Selling Vacation Home |
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 Levine, Jacobs & Company, LLC, Member Offers Tax Advice After Selling Vacation Home- Levine, Jacobs & Company, LLC, Member Offers Tax Advice After Selling Vacation Home
- July 11, 2022
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Michael Karu, CPA/CFF quoted in personal finance article.
Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, LLC., was highlighted on NJMoneyHelp.com and NJ.com where he clarified how taxes on the sale of a vacation home are rendered.
Karu stated, “When you sell real estate that has been used for rental purposes or has not been your primary residence for two of the past five years, the transaction is taxable at both the federal and state levels. He further elaborates, “To ensure they get paid, both the IRS and State of New Jersey require p...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-member-offers-tax-advice-afte-pr-709869.html
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