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  2. California State Tax Guide 2024: Income, Sales, Property Tax ...

    www.aol.com/california-state-income-taxes-2023...

    Considering state taxes only, paying taxes on $300,000 of taxable income (adjusted gross income) would leave a single taxpayer or married taxpayer filing separately with $275,447.15. $300,000 is ...

  3. Selling a rental property? Here are the tax consequences - AOL

    www.aol.com/news/selling-rental-property-tax...

    You’re not eligible for the $250,000-per-person home sale profit exclusion, and in addition to paying capital gains tax you also face a depreciation recapture tax of 25%.

  4. Net proceeds from the sale of a house: How much do you ... - AOL

    www.aol.com/finance/net-proceeds-much-really...

    Current laws allow the first $250,000 in profit for single filers, or the first $500,000 for those married and filing taxes jointly, to be excluded from impacting your tax liabilities.

  5. Loss on sale of residential property - Wikipedia

    en.wikipedia.org/wiki/Loss_on_sale_of...

    To calculate the loss on residential property that was converted into a rental, prior to the sale of the property, Treasury Regulation section 1.165-9(2) states that the basis of the property will be the lesser of either the fair market value at the time of conversion or the adjusted basis determined under Treasury Regulation section 1.1011-1.

  6. Property investment calculator - Wikipedia

    en.wikipedia.org/wiki/Property_investment_calculator

    Capitalization rate – Net operating income (NOI) divided by property's asset value. [1] Gross rent multiplier – The ratio between a rental property's gross scheduled income and its market value. Net cash flows – The amount of cash to expect to receive after expenses.

  7. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    Section 121 [50] lets an individual exclude from gross income up to $250,000 ($500,000 for a married couple filing jointly) of gains on the sale of real property if the owner owned and used it as primary residence for two of the five years before the date of sale. The two years of residency do not have to be continuous.

  8. How To Calculate Your Net Proceeds From Selling Your Home - AOL

    www.aol.com/finance/calculate-net-proceeds...

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  9. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.

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