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

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

    The amount a buyer is likely to pay for a real estate asset (i.e., property). Broadly speaking, capital gains tax is the tax owed on the profit (aka, the capital gain) you make when you sell an ...

  3. Capital Gains on the Sale of a Second Home - AOL

    www.aol.com/finance/capital-gains-sale-second...

    Capital gains tax applies when you sell an asset for more than you paid for it. While the IRS typically offers an exclusion for capital gains from the sale of a primary home, the rules are a ...

  4. Avoid Capital Gains Tax When Selling a House - AOL

    www.aol.com/avoid-capital-gains-tax-selling...

    Taxes come into play almost any time you make money. So, if you make a profit off the sale of your property, you’ll probably run into capital gains tax.For example, if you purchased a property ...

  5. Internal Revenue Code section 1031 - Wikipedia

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

    The same principle holds true for tax-deferred exchanges or real estate investments. As long as the money continues to be re-invested in other real estate, the capital gains taxes can be deferred. Unlike the aforementioned retirement accounts, rental income on real estate investments will continue to be taxed as net income is realized.

  6. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.

  7. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    Under rules contained in the current Internal Revenue Code, real property is not subject to depreciation recapture. However, under IRC § 1(h)(1)(D), real property that has experienced a gain after providing a taxpayer with a depreciation deduction is subject to a 25% tax rate—10% higher than the usual rate for a capital gain.

  8. Property Taxes: How To Avoid the IRS Coming After Your Second ...

    www.aol.com/property-taxes-avoid-irs-coming...

    The IRS considers a home to be a residential property if, over the course of the year, you use it at least 14 days or at least 10% of the number of days you rent it out at a fair rental price ...

  9. Tax aspects of home ownership: selling a home - AOL

    www.aol.com/article/finance/2020/02/06/tax...

    Most home sellers don’t have to report the transaction to the IRS. But if you’re one of the exceptions, knowing the rules will help you with your tax bill. Tax aspects of home ownership ...