How To Report For A Sold Apartment To The Tax

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How To Report For A Sold Apartment To The Tax
How To Report For A Sold Apartment To The Tax

Video: How To Report For A Sold Apartment To The Tax

Video: How To Report For A Sold Apartment To The Tax
Video: Reporting the Sale of Your House on Your Tax Return 2024, May
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The Federal Registration Service transfers all information about the sold and purchased real estate to the tax authorities. Therefore, it is necessary to fill out a declaration in order to report on the income received as a result of the sale of the apartment. In most cases, you will be able to get benefits and property deductions that will help you to significantly reduce the amount of tax.

How to report for a sold apartment to the tax
How to report for a sold apartment to the tax

Instructions

Step 1

Go to the accounting department of your company and take a 2NDFL certificate, which indicates all income for the past year. If during this period you have changed several jobs, then you need to visit all organizations in order to fix all your earnings. If you are registered at an employment center or belong to the category of retirees, you will not need a certificate of income.

Step 2

Collect all documents for the sale of real estate: deed of sale, state certificate of ownership, receipt of money transfer and certificate of tax registration. Take the declaration form from the Federal Tax Service or print it from the Internet. You can submit a document in both written and electronic form. You do not need to visit the tax office, it is possible to send the declaration by mail, with the help of a proxy or telecommunication systems.

Step 3

By selling an apartment that you have owned for more than 3 years, you are exempt from paying tax, regardless of the amount you received for it. If you have been the owner for less than 3 years, then the amount of the transaction affects the amount of tax. The sale of an apartment for no more than 1 million rubles is not subject to taxation. For real estate sold at a higher price, you can get a property deduction in the amount of 1 million rubles and reduce the amount of tax. Having the documents on the purchase of this apartment in your hands, you can reduce the amount of taxation, because you only need to take into account the difference between the purchase and sale amount. To receive a deduction, you must write a statement in any form and submit it along with the declaration to the Federal Tax Service.

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