WASHINGTON (AP) — Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in ...

Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the board at the Federal Reserve in Washington on on June 25. (Mark Schiefelbein | AP) WASHINGTON — Federal ...

Taxpayers generally can exclude up to $250,000 ($500,000 on a joint return) of gain on the sale of their principal residence. To qualify, a taxpayer must have used the property as his or her principal ...

Sec. 121 provides a significant tax benefit by allowing taxpayers to exclude from gross income, within limits, gain from the sale of their principal residence (the home sale gain exclusion). With the ...

Question: We just purchased a new home to be used as our primary residence and are currently remodeling it. The debate for us is whether we should sell our old home or convert it into a vacation ...

Raised 23 feet on steel piers and clad in weathering steel, this resilient Gulf Coast dwelling serves as the primary home of ...