Your Home & Taxes

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Tax Information for First-Time Homeowners Residential Rental Property
Provides tax information for first-time homeowners including how you treat items such as settlement and closing costs, real estate taxes, home mortgage interest, and repairs. This publication discusses rental income and expenses, and explains how to report them on your return. It also covers casualty losses on rental property and the passive activity limits and at-risk rules. This publication is designed for those who only rent out a few residential dwelling units.
Tax Planning Guide Selling Your Home
Let H&R Block help you understand the tax impact of changes in your life – and what you can do to prepare for your return. Just answer the questions online to get tax advice based on your life and financial situation. Explains the tax rules that apply when you sell your main home. Also includes worksheets to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the amount of the gain that you can exclude.