Home
Real Estate News
Real Estate Articles
Additional Resources
Want to Join tax MoMs?
Questions for CPA Moms?

  • Capital Gain on Vacation Home
    Your second home is considered a capital asset. Use Form 1040, Schedule D to report sales, exchanges, and other dispositions of capital assets.
  • Understanding Capital Gains Tax
    To understand the capital gains tax, we must begin by understanding exactly what is meant by "capital gains". Capital gains is the income that a person gets from the sale of an investment. These investments...
  • Capital Gains on property received as a gift?
    To figure the basis of property you get as a gift, you must know its adjusted basis to the donor just before it was given to you. You also must know its fair market value (FMV) at the time it was given...
  • 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,...
  • Capital Gains Tax Rates
    Almost everything you own and use for personal purposes, pleasure or investment is a capital asset. When you sell a capital asset, the difference between the amounts you sell it for and your basis, which...
  • How a 1031 Exchange Works
    A section 1031 tax deferral allows an investor to sell a property, then reinvest the proceeds in a new property and defer all capital gain taxes. Specific conditions for the exchange state that it must...
  • Capital Gains for Investment Property.
    Basis is your investment in property for tax purposes. Before you can figure any gain or loss on a sale, exchange, or other disposition of property, or figure allowable depreciation, you must determine...
  • 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....


Home Imporvements & Repairs

Sale of Residence Books 

Vacation Home Interest & Property Tax

Contact Us


 


Privacy Policy
.. About Us  .. Disclaimer ..  Copywrited 2005  - 2006 - Developed by  Tax Net Inc