- Understanding Basic Tax Terms
If your like many, you dont always understand what people are talking about when it comes to Taxes. Its important to know the main tax terminology, especially when tax season comes around. Knowing the...
- Capital Gain on principal residence that was rented
If, during the 5-year period ending on the date of sale, you owned the home for at least 2 years and lived in it as your main home for at least 2 years, you can exclude up to the maximum dollar limit....
- Tax Provision Blamed for High Land Prices
ST. LOUIS - After working on a northern Illinois farm thats been in his family for 151 years, Rob Sharkey itched to break out on his own. That is, until land prices ballooned The 31-year-old Stark County...
- 5 Steps to a Successful 1031 Exchange
It is unbelievable to sell your investment property in 6 months for $400,00 more than you paid for it and not pay any tax on the profit. This is a recurring 1031 problem in hot real estate markets, how...
- Alternative to Investment Property
New IRS Procedure on 1031 Tax Free Exchange Tenant-in-Common (TIC) Exchanges Smaller investors can now invest in larger, professionally managed real estate and enjoy the benefits of tax shelter, growth,...
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