How can I obtain the lost information?
2007-01-14 08:33:57 · 2 answers · asked by Heather S 1 in Business & Finance ➔ Taxes ➔ United States
My suggestion is that you contact the firm who handled your closing to get a copy of the form or talk to the buyer and have them make a copy for you. You are eligible to deduct your part of the closing cost against the profit you made.
Best wishes.
2007-01-14 09:46:03 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
You should be able to get a copy from your realtor, or from the company who handled your closing.
If the house you sold had been your main home for at least two years of the five years immediately prior to the sale, and you'd owned it for at least two of those same five years, then you won't owe income taxes on the sale if your profit was under $250,000 ($500,000 if married filing joint). So for taxes, you might not need the paperwork.
2007-01-14 10:21:33 · answer #2 · answered by Judy 7 · 0⤊ 0⤋