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

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

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

You must include any surplus of those amounts in your taxable capital gains for ... The sale price is whatever amount you received for selling the property, and the tax basis is the amount of ...

Home Sale Capital Gains Tax Scenarios If you are a single seller and will net $375,000 in capital gains from selling your home, you may be able to protect $250,000 of the gain from income taxes ...

The sale of a commercial property allows for long-term capital gains tax exemption under Section 54F if a residential house ...