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.
Taxes on the Profit from the Sale. When you sell your stocks, you are taxed on the profit of the stocks. If you sell at a lost, you can claim a loss on your taxes. For this reason you need to keep a receipt of the purchase of the stocks. If your stocks have split, you take your purchase price, and divide it by the number of shares you have now to determine the value to be assigned to each individual stock.