This lesser-known tax strategy could help to reduce capital gains on your home sale
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 ...
Long-term capital gains: How tax on the sale of an inherited property is computed?
After inheriting land in 2003 and partitioning it in 2010, the sisters must determine the indexed cost for capital gains tax.
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Planning to Sell My Home This Spring and Net $800k in Profits. How Do I Minimize Capital Gains Taxes?
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 ...
Selling shares and MF worth Rs 60 lakh. Can I get capital gains tax exemption by investing it in an under-construction residential project?
Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...
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'How To Save Capital Gains On Property?'
He may Gift the property to his daughter. Another way would be to transfer the property through Registered Sale Deed, BUT in ...
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What Income Tax Rate Are Rich Investors Really Paying on Their Capital Gains?
Just as the bloated level of estimates of billionaire fortunes causes us not to consider the possibility those fortunes may ...
Income Tax Bill 2025: Long-Term Capital Gains Tax on property remains unchanged
For property bought prior to July 23 2024, the tax on LTCG is computed as lower of 12.5% (without indexation) or 20% (with ...
McClellan: Islands and dolphins and capital gains taxes
The Missouri House gave initial approval this week to a plan to eliminate the state’s capital gains tax. Capital gains are ...
Missouri House moves to eliminate the state tax on capital gains
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 ...