Capital gains tax applies to profit made from selling your home. Learn what capital gains tax on real estate is, when you must pay it, and if you can avoid it.
Knowing the rules for capital gains tax on residential real estate and home sales is important, especially since your property has likely increased in value since you purchased it. Eventually, when you dispose of the property, either voluntarily or involuntarily, you'll need to determine the feder...
A capital gains tax is a tax on the money you have made from an investment. When a capital asset such as a house or other real estate is sold, your gains become realized. At the point of sale, it becomes taxable income. The profits on the sale of your home never become taxable unti...
real estate transfer tax 不动产转让税real property acquisition tax 不动产购置税receipts tax 收入税recreation tax 娱乐税registration and license tax 登记及执照税registration tax 注册税regulation tax 调节税remittance tax 汇出税resident tax 居民税resource tax 资源税retail excise tax...
property tax- a capital tax on property imposed by municipalities; based on the estimated value of the property land tax capital levy- a tax on capital or property council tax- a tax levied on households by local authorities; based on the estimated value of the property and the number of ...
Such sellers might consider a so-called 1031 exchange, which would allow them to defer taxes by using the proceeds of the sale of one investment property to purchase a similar property. "A 1031 exchange is sort of like having a tax-deferred investment account, but for real estate," says ...
Your spouse also has not sold or exchanged another principal residence during the two-year period ending on the date of the sale or exchange of the residence. Essentially, the IRS does not require the real estate agent who closes the deal to use Form 1099-S to report a home sale...
Capital gains tax on the sale of a piece of real estate can be difficult to figure out. Capital gains tax on the sale of a real property is not an easy topic for many people to understand. This type of tax occurs when real property is sold and a profit is realized. If you sell th...
New 3.8% Tax on Sale of Real Estate Effective January 1, 2013Nancy Leary HaggertySteven R. Battenberg
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