Depends on what tax bracket you will be in if you close this year versus next.

Elizabeth R. Elstien - this is more of a 'motivation' question! If they want it, they can do it!

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386  get the gold star on this one.

Not a tax professional - do we have that many of these here?

Norm has this one.... 

What type of property are you asking about here?

Call their C P A

Kenneth has a good answer.

Taxes?  We don't need no stinkin' tax knowledge to answer this!  Price it right and market the heck out of it.

Is that a tax question?

Elizabeth,

The majority of real estate agents do not have the letters CPA after their names. And if they do (one of our clients does), he still refers tax question to those who continue to be active in the CPA business.  We do not advise on any tax issue!  A

Most tax professionals are  not familiar with the nitty gritty of the steps of how the real estate industry operates.

If you have to sell, sell. That is the objective. Too much attention to taxes!

Some great advice for the seller

I would consult a CPA.

But, here's one tip...have seller gather all receipts for capital improvements as this may reduce capital gains tax.

Praful Thakkar nailed this one!

Has nothing to do with taxes. It might just be nice to finish out the year & get on with life in general.

Smart home buyers understand the benefits.