If you’re planning to sell your home in 2025 and believe you may have a large enough gain to trigger a capital gains liability, you can consider these strategies:
Tax Loss Harvesting
This involves the sale of securities at a loss to offset capital gains taxes owed on profits. Of course, any harvested losses from previous years that have not been offset by gains will be applied against the current year gain. This highlights the importance of regular tax-loss harvesting in your after-tax nonretirement investment accounts throughout the year.
Contribution to a Traditional IRA
Another option would be to contribute to a traditional IRA to reduce taxable income, subject to contribution limits and deductibility phaseouts. If an individual is part of a high-deductible health care plan, making a contribution into their health savings account would also reduce taxable income.
Check out below to see what sold in Country Club Village in October 2025:
16077 Homestead Circle, Northville: 4 bedrooms, 2.2 bathrooms, 2,651 sq. feet, Sold Price: $530,000
Country Club Village Home Sold
October 2025
For more information on Country Club Village, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.