Selling your home? Start gathering these records

If you are considering a sale, organising your records now can make the tax review easier.

Gather:

• The closing statement from your original purchase.

• Records of major improvements.

• The dates you and your spouse each lived in the home.

• Details of any rental or business use.

• Information about any previous home sale for which you claimed an exclusion.

After the sale, keep the final closing statement and any Form 1099-S you receive.

Please send private documents and questions through your secure portal. Let us know about a planned sale before closing so we can review the relevant dates and circumstances.