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The remainder of any gain realized is considered long-term capital gain, provided the property was held over a year, and is taxed at a maximum rate of 15% for 2010-2012, and 20% for 2013 and thereafter. If Section 1245 or Section 1250 property is held one year or less, any gain on its sale or exchange is taxed as ordinary income.
Any unrecaptured gain from the sale of Section 1250 real property (25%) ... You can take the exclusion one time during a five-year period. ... your tax rate for this short-term capital gain is 22% ...
Capital gains tax rates were significantly increased in the 1969 and 1976 Tax Reform Acts. [11] In 1978, Congress eliminated the minimum tax on excluded gains and increased the exclusion to 60%, reducing the maximum rate to 28%. [11] The 1981 tax rate reductions further reduced capital gains rates to a maximum of 20%.
COPT Announces Tax Treatment of 2012 Distributions COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYS: OFC) announced that 33.18% of its 2012 Common ...
In most instances, you won’t incur capital gains taxes for buying or selling assets as long as you don’t withdraw funds before retirement age, which the IRS defines as 59 1/2.
Mega Millions plays are $2 each unless the Megaplier option is chosen (such games are $3 each.) The minimum jackpot in Mega Millions is $40,000,000. Mega Millions began in 1996 as The Big Game. Six years later, the New York and Ohio lotteries joined simultaneously on May 17, 2002; the game was temporarily rebranded The Big Game Mega Millions.
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The next drawing, where the winning numbers for the $1.15 billion jackpot will be determined, is Friday, Dec. 27 at 11 p.m. ET. Mega Millions drawings take place every Tuesday and Friday at 11 p.m ...