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Featured Capital Gain Articles
- 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,...
- 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...
- 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...
- Capital Assets - Gains and Losses for Taxes
Capital is a unique term when it comes to taxes. If it gains value, you pay a tax. If it loses it, you can write at least some of the loss off. Capital Assets - Gains and Losses for TaxesPractically everything...
- Capital Assets – Gains and Losses for Taxes
Capital is a unique term when it comes to taxes. If it gains value, you pay a tax. If it loses it, you can write at least some of the loss off. Capital Assets – Gains and Losses for Taxes Practically everything...
- 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 Gains Tax
The current tax system imposed on corporations by the U.S. government is at best, a biased system; for corporations that have a net profit, taxes on those profits amount to a full one-third. So, if youre...
- 1031 Exchange Escaping the Certainty of Taxes
In this world, said the great Benjamin Franklin, nothing is certain but death and taxes. While modern medicine continues to work on a cure for mortality, 1031 exchanges offer a valuable mechanism against...
- 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...
- 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...
- 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....
- 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.
- Will a 1031 Property Exchange Solve your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1. Are you a landlord that doesnt want to manage property anymore? 2. Do you want to sell your investment property, but...
- Tax Free Gain on the Sale of Your Home
When a single taxpayer sells his or her principal residence that he or she has owned and used as a principal residence for at least two of the previous five years, the taxpayer may exclude up to $250,000...
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