Learn strategies to avoid capital gains tax on a second home. Explore 1031 exchanges, primary residence conversion, tax-loss ...

Now, you own the home outright. Does that mean you don't owe capital gains tax? The answer to this question depends on the type of legal entity your business is operated through and how it is ...

Knowing the rules for capital gains tax on residential real estate ... on the ratio of the period after 2008 that the home was used as a second residence or rented out to the total time that ...

When selling your main home, there's a tax break that shields up to $250,000 of profits for single filers and $500,000 for ...

Get a clear explanation of capital gains tax on inherited homes, including the role of basis, step-up, and exclusions.

Because the couple has owned and lived in the home for at least two out of the last five years, long-term capital gains tax rates will apply. The tax bill for the sale alone would be $50,000 at 15 ...

When you sell a primary residence, the IRS allows you to exclude from your capital gains taxes the first $250,000 ... your cost basis would be $525,000, as the home cost you $500,000 and the ...

The Liberal government's changes to the capital gains tax are now being challenged in ... make from selling an asset like a stock or a second home. The new rules increased the inclusion rate ...