Tax Consequences for Professional Athletes in 2018
Buying or selling a home is one of the most significant financial transactions many individuals engage in. The authors examine the various ways in which CPA financial advisors can guide different kinds of potential home buyers and sellers through the process and the myriad tax implications of home sales and purchases. Changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) probably won’t be a deal breaker for many prospective residential sales or purchases, but these changes should be considered and are discussed throughout this article.