- NEW!
by Sherri on January 24th, 2009
nope..Unlce Sam wants his money NOW...if you wanted to defer the gains, you should have done a 1031 exchange while the $$ was still in escrow...too late now...you can pay over several years and incur the penalties and interest because the money is due 4/15/09! And you might still have penalties because you may have been required to make an estimated payment!
by Anonymous on September 1st, 2009
You have to pay them for the year that you received the money - unless you are granted an extension by the IRS
by MarkOlson on September 1st, 2009
Yeah, you gotta amorgatize the 5010b's into a non-reviewable equity arm in a 80/20 account or otherwise set up a power of attorney loan on a revolving federal capital building. If you liquidate the taxable annuities for co-signing variable interest hikes, you'll be in the pink before you can say chicken is legal tender. It's a bull market, baby.
by biker_dude on September 1st, 2009
This is true. Hope you saved some of that money. Time to pay up....
Does Proposition 13 pass to the next property owners or does it end with the one' who recieved it first?
by CaRbOnPrOdUcK is Baccuss on January 18th, 2009
| 4 people like this
Can I deduct commercial property insurance for 2008 if it was paid on 12/27/07 but not deducted that year?
by Anonymous on March 9th, 2009
| 1 person likes this
If I started to buy rental investment properties, can I re-invest the income produced throughout the year to buy other properties to defer taxes?
by Anonymous on December 17th, 2008
| 3 people like this
Can i deduct the intersest and closing costs form a reverse mortage?
by len on March 1st, 2009
| 1 person likes this
We are married and own rental property, but our joint income exceeds $150,000. Is there any way to get a deduction for losses on the rental property?
by Melinda on March 23rd, 2009
| 2 people like this
You're reading I sold a rental property this year. Can I defer the taxes on the capital gains or pay them over several years rather than paying all on this year's return?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments