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2. Capital gains tax on real estate and selling your home - AOL

   www.aol.com/finance/capital-gains-tax-real...

   A rental property doesn’t have the same exclusions as a primary residence when it comes to capital gains taxes. You would have to pay a 25 percent depreciation recapture tax on the portion of ...

3. Will I Owe Taxes if I Sell My Home? - AOL

   www.aol.com/owe-taxes-sell-home-115700974.html

   If you plan to see your primary residence, will you have to pay taxes on your ... You sell the property and realize $1.2 million on the sale, giving you a capital gain of $700,000 ($1.2 million ...

4. Downsizing for Retirement: Will My $620k Profit on My House ...

   www.aol.com/im-selling-house-downsize-retirement...

   Taxes on the Sale of Property. ... You must have owned and used the house as your primary residence for at least 24 out of the last 60 months, although this time does not have to be consecutive ...

5. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   If the investor invests the proceeds from the $250,000 sale into another property or properties (without touching the proceeds and using a Qualified Intermediary), then he would not have to pay any taxes on the gain at that time. An owner of a detached house on 3 acres (12,000 m 2) is transferred by his employer to another state. Rather than ...

6. Capital Gains Tax Rates for 2024-2025 - AOL

   www.aol.com/capital-gains-tax-rates-2023...

   High net worth investors may have to pay a net investment income tax on top of the 20% they owe (3.8%) One notable exception to capital gains tax rules is the sale of your primary home.

7. Calculating Your Capital Gains Taxes - AOL

   www.aol.com/finance/im-selling-home-netting-750k...

   If you sell your primary residence the IRS allows you to exempt a certain lifetime amount of profit from taxes. Single taxpayers can exempt the first $250,000 of capital gains from the sale of ...

8. Thinking of Moving In? How to Turn Your Rental Property into ...

   www.aol.com/finance/convert-rental-property...

   Converting a rental property into a primary residence is a significant financial move with potential tax implications that necessitate careful planning. By leveraging tools like Section 121 of the ...

9. Can I Have Two Primary Residences If I'm Married & Filing ...

   www.aol.com/two-primary-residences-im-married...

   Tax exclusion on home sale profits: One of the key benefits is the ability to exclude $250,000 of profit from the sale of a primary residence from capital gains taxes. Joint filers (such as ...