Before the law was changed in 2004, an investor might transfer one rental property in a 1031 exchange for another rental property, rent out the new rental property for a period, move into the property for a few years, and then sell it, taking advantage of exclusion of gain from the sale...
Cross-licensing is an exchange of rights by firms to use each other's property. Patent cross-licensing is used widely in complex technology industries such as ICT and pharmaceuticals to provide 'freedom to design'withoutrisk of infringement, to avoid litigation and to round out product lines. W...
The amount excluded from taxes is calculated by an Exclusion Ratio, which appears on most annuity quotation sheets. Nonqualified annuities may be purchased using after-tax savings accounts or money market accounts, CD's, proceeds from the sale of a house, business, mutual funds, other investments...
The gift tax exclusion amount in 2024 is $18,000 ($36,000 per married couple). It is wise to seek tax counsel before entering into a joint account with one's child, a friend or a sibling. An aging parent that establishes a joint account with an adult child faces additional ...
For gift tax purposes, the value of the gift is its FMV on the date of its transfer to the donee. Real estate and collectibles would require anappraisal. Abondwould be valued as the present value of its future payments. The value of publicly traded shares would be the average of the hi...
This idea is also known as the "exclusion ratio" concept. I'll explain what an exclusion ratio is in more detail for people who are not familiar with it: When an immediate annuity is purchased with after-tax money, the IRS refers to that transaction as a "non-qualified" purchase. This...
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proposes to add sections 67(2A) and 67(2B) to the effect that at the end of the trial of an election petition that relates to the inclusion of the name of a person in, or the exclusion of the name of a person from a precedence list, CFI must determine whether the name is to be...
What Is a Tax-Deferred Exchange (in Real Estate)? A 1031 exchange, also known as a tax-deferred exchange or like-kind exchange, involves selling an investment property and using the proceeds to buy another. When you do so, you defer paying capital gains taxes on your profits after selling...
Capital gains taxes are due only after an investment is sold.2 Capital gains taxes apply only to capital assets, which include stocks, bonds, digital assets like cryptocurrencies and NFTs, jewelry, coin collections, and real estate. Long-term gains are levied on profits of investments held for...