State officials made a last-minute holiday announcement Thursday when they detailed 200 new jobs that will be coming to Blount County. Gov. Bill Haslam and Department of Economic and Community Development Commissioner Bob Rolfe announced Avant LLC, an online lending platform, will create a new operations and call center in Louisville.
Tax Implications When You Sell Your Home for a Profit. 1  $250,000-$500,000: You may be able to exclude up to $250,000 of the capital gain from your income for an individually filed return, and $500,000 on a joint return, in most cases, when you realize a capital gain from the sale of your primary residence.ax Implications When You Sell Your Home for a Profit. 1  $250,000-$500,000: You may be able to exclude up to $250,000 of the capital gain from your income for an individually filed return, and $500,000 on a joint return, in most cases, when you realize a capital gain from the sale of your primary residence.
Nominee/middleman returns. Generally, if you receive a Form 1099 for amounts that actually belong to another person, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received) for each of the other owners showing the amounts allocable to each.eeping copies. Generally, keep copies of information returns you filed with the IRS or have the ability to reconstruct the data for at least 3 years, 4 years for Form 1099-C, from the due date of the returns.