The Missouri House gave initial approval this week to a plan to eliminate the state’s capital gains tax. Capital gains are ...

For property bought prior to July 23 2024, the tax on LTCG is computed as lower of 12.5% (without indexation) or 20% (with ...

After inheriting land in 2003 and partitioning it in 2010, the sisters must determine the indexed cost for capital gains tax.

These powerful strategies, from timing your sales during low-income years to leveraging qualified opportunity zones, can ...

A home seller may not owe any capital gains taxes on sale of a principal residence if the transaction qualifies for the ...

JEFFERSON CITY — The Missouri House gave initial approval Tuesday to a plan to erase the state’s capital gains tax, potentially blowing a $334 million hole in the state budget. Under the ...

The two discrete periods seem to be left over from the 2024 federal budget announcement that proposed an increase to the ...

With India’s real estate market projected to contribute 13% to the GDP by 2030, these tax reforms are poised to have ...

Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...

Before we dive into the tax part, let’s go through how to calculate capital gains on the sale of a property. Essentially, this calculation figures out how much the property’s value grew from ...