flgaland@gmail.com
    (386) 243-0124

Florida Land Network Leonard Dicks Realty, LLCFlorida Land Network Leonard Dicks Realty, LLC

North Florida Land for Sale

  • Home
  • Search
    • Advanced Search
    • Easy Search
    • Map Search
  • Featured
    • Featured Listings
    • Featured Virtual Tours
    • Featured Additional Special Properties
  • Buy
    • Mortgage
    • Moving Checklist
  • Sell
    • Marketing Your Home
    • What’s Your Property Worth?
    • Sell Your Home Faster
    • Local Market Reports
  • Concierge
    • About Leonard
    • Blog
    • Schools
  • Contact

Sold Your Home in 2019? Check Out These Potential Tax Deductions

Sold Your Home in 2019 - Check Out These Potential Tax Deductions

If you sold your home in 2019, you might be able to snag a few tax benefits – but as always, you should talk to a tax professional to be sure.

Sold Your Home in 2019? Check Out These Potential Tax Deductions

  1. Selling costs
  2. Home improvements and repairs
  3. Property taxes
  4. Mortgage interest

Here’s a closer look at each.

Deducting Selling Costs

If you sold your home last year, you may be able to deduct things like:

  • legal fees
  • escrow fees
  • advertising costs
  • real estate agent commissions

If you want to deduct these things, they must be directly related to the sale of your home – and you must have lived in the home for at least two of the last five years.

Deducting Home Improvements and Repairs

Did you make any home improvements last year? If you did – like remodeling the bathroom, revamping the kitchen, or upgrading to energy efficient appliances, you may be able to deduct them on your taxes this year. You might even be able to write off house-painting.

The catch: You must have made these improvements within 90 days of closing on the deal.

Deducting Property Taxes

You can often deduct the amount you paid in property taxes. Naturally, you can’t deduct for the time after you sold the home – but you probably can for the time you lived in it.

Deducting Mortgage Interest

You can probably deduct the mortgage interest you paid for the part of the year you owned your home. Under the new tax law, though, you can only deduct the interest on up to $750,000 of mortgage debt. If you got the mortgage prior to December 15, 2017, you can continue deducting the interest on up to $1 million of mortgage debt.

Are You Buying a Home or Land for Sale in Lake City?

If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.

Check these out:

  • Paved road frontage for sale in Columbia County
  • Non-deed-restricted land for sale in Columbia County
  • Wooded oak tree land for sale in Columbia County
  • Land-for-land home combo in Lake City
  • Waterfront residential in Lake City
  • Waterfront land in Columbia County
  • Bank-owned homes and foreclosure in Columbia County
  • Short sales in Columbia County
15585 184th St $549,900

15585 184th St McAlpin, Florida

2 Beds 2 Baths 1,130 SqFt 41.81 Acres

 

Posted in: Blog, Sellers, Selling, Taxes, Tips, Tips, Life Hacks & How-to Tagged: Selling Your Home, Taxes, Tips

Search Smarter

Did you know the hottest Land for sale in Florida often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the types of Florida land you are looking for and save your search to start getting alerts today!

New Property Alerts

As local expert I also have access to North Florida Land for sale before it hits the market and can show you more information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

Post navigation

« How Long Can a Seller Wait Before Responding to an Offer?
Want to Buy Timberland to Convert to a Farm? 3 Things to Remember »

Sign up for North Florida New Land Alerts
Find out what your North Florida Land is Worth

Popular Land Searches

  • Timber Tracts
  • Paved Road Frontage
  • Large Land Tracts
  • Cattle Land
  • Up to 5 Acres
  • 5 – 10 Acres
  • 10 – 20 Acres
  • 20 – 40 Acres
  • 40 – 100 Acres
  • 100 – 200 Acres
  • 200 – 500 Acres
  • 500 Acres & Up
  • Timber Land

Contact

North Florida Land for Sale

(386) 243-0124

flgaland@gmail.com

Office: (386) 243-0124
250 NW Main Blvd #75
Lake City, Florida 32055

View Florida Land Network Leonard Dicks LLC on Google

Follow Me



Give us a Review


Search Smarter

Did you know the hottest North Florida land for sale often sells within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest land as they hit the market! Simply click the button below and choose the types of North Florida land you are looking for and save your search to start getting alerts today!

New Property Alerts

As a local expert, I also have access to North Florida land for sale before it hits the market and can show you more information that is only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

© 2025 | Florida Land Network Leonard Dicks LLC All Rights Reserved· 386-243-0124 | Sitemap · Properties Sitemap · Properties XML Sitemap · Terms of Service · Privacy Policy · Cookie Policy · Accessibility Statement · Disclaimer · North Florida Land Network Leonard Dicks LLC
Log in · Real Estate Websites by Real Estate Websites by YourSiteNeedsMe.com