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Aliyah is a single taxpayer selling her home. He has lived in the home for the past five years. Home sold for a profit of
Aliyah is a single taxpayer selling her home. He has lived in the home for the past five years. Home sold for a profit of $175,000. Which of the following is correct?
Aliyah needs to self report and withhold on the form 593 for the tax profit?
Aliyah sail is excluded from income and therefore no withholding is needed?
The form 593 withholding needs to happen but is handled by the Realtor?
The sales entire gross not net profit is subject to backup withholding?
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