Omega-6 linoleic acid is the most abundant polyunsaturated fatty acid found in the Western diet. Itâs plentiful in safflower and commonly available partially hydrogenated sunflower oils, two common cooking and food oils in use today.
Seller Basis. If you sell the house and pick up the transfer tax, then you can deduct that amount from the proceeds of the sale. This reduces your taxable gain. You can also use nondeductible commissions, escrow fees, recording fees and attorney fees to reduce the proceeds.
Defining Your 'Principal Residence' for Tax Purposes Isn't Always Simple. Our tax laws encourage homeownership in three major ways. When you file your annual federal income tax return, you can deduct the interest you pay on your mortgage, up to a limit. You can also deduct the real estate tax you pay to your state and local governments. And when you sell your home, in many cases you can avoid federal tax on a sizable portion of the profit, or capital gain. The mortgage interest and real estate tax deductions apply both to principal homes and second homes that are used part of the year.