What to Know About Taxes Before You Sell Your Home in 2022

When we moved into our current home, a house not very far from us had gone on the market a few times but had not sold. I learned from our real estate agent—and some chatty neighbors—that the house had been purchased when prices were relatively high, and it was considered challenging to unload because of some associated costs. A few months ago, it sold for $300,000 over the original asking price, making it nearly twice as expensive as most other homes in the area.

It was not an anomaly. Last year, one of my clients listed her home and confided ...