Search results
Results from the WOW.Com Content Network
We own our home free and clear and have no debt. ... 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 ...
The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years. [4]
Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.
A profit (short for profit-à-prendre in Middle French for "advantage or benefit for the taking"), in the law of real property, is a nonpossessory interest in land similar to the better-known easement, which gives the holder the right to take natural resources such as petroleum, minerals, timber, and wild game from the land of another. [1]
Selling a home requires you to navigate a fluctuating real estate market — and if you happen to sell when supply outpaces demand, you may get much less for your home than you were expecting ...
Cities and counties would be allowed to enact a one-cent special purpose, local option sales tax for property tax relief. The bill, which takes effect Jan. 1, was lauded by some as a way to keep ...
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Accused rapist rapper Sean "Diddy" Combs hired men to procure participants for his sick "Freak Off'' sex parties -- peddling the orgies as if it was "an honor'' to be asked to them, a targeted ...