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  2. 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 ...

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

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

    Capital gains tax is a levy imposed by the IRS on the profits made from selling an investment or asset, including real estate. Primary residences have different capital gains guidelines than ...

  4. 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 ...

  5. Internal Revenue Code section 1031 - Wikipedia

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

    For example, if your tax return is due April 15, but that date falls on a Saturday, then your tax return due date is forwarded to the first business day following April 15, or Monday, April 17. However, if a deadline falls on a Sunday, the requirements for the exchange must be met no later than the last business day prior to the deadline date ...

  6. 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.

  7. Installment sale - Wikipedia

    en.wikipedia.org/wiki/Installment_sale

    If a taxpayer realizes income (e.g., gain) from an installment sale, the income generally may be reported by the taxpayer under the "installment method." [5] The "installment method" is defined as "a method under which the income recognized for any taxable year [ . . . ] is that proportion of the payments received in that year which the gross profit [ . . . ] bears to the total contract price."

  8. 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 ...

  9. I'm Downsizing for Retirement. If I Net $750k When I Sell My ...

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

    The post I’m Selling My Home and Netting $750k to Downsize for Retirement. ... to discuss your tax liability when selling your home. ... capital gains taxes and $250,000 for individuals. Tips ...

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