CHANGING YOUR RESIDENCE IN RETIREMENT
Sale of home:
You may choose to sell your home and move to some other
area once you retire. Remember, however, if you meet certain
conditions, the law allows you to exclude all or part of
your gain. Be sure to check before finalizing a sale to
make sure you meet the necessary qualifications.
Moving:
Expenses for moving generally aren't deductible unless
you plan to work full-time at your new location for at
least one year after the move (two years if you're self-employed).
Thus, if you plan full-time retirement in the new location,
moving expense will usually be nondeductible.
Return
to Tax Considerations for Retirees
Social
Security and Your Retirement
IRA Accounts and Your Retirement
Pension Plan Distributions
Paying
Your Taxes
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