If your home is part of a Homeowners Association, you will owe a prorated portion of the fees based on your closing date. You may also owe HOA transfer fees. If you owe dues at closing, they'll be... Capital Gains Tax Many homeowners avoid capital gains taxes when selling their primar...
These types of capital gains are taxed at 28%, 28% and 25% respectively (unless your ordinary income tax bracket is a lower rate). Business income or loss (Schedule C & E subject to self-employment taxes) Any income or loss as reported on Schedule C. If you have any income reported...
This is the total profit you realized from the sale of assets such as stocks, bonds and real-estate owned more than one year. Long-term capital gains are taxed at lower, special capital gains rates and are calculated as follows (note that qualified dividends are taxed as if they were a ...