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What is capital gains tax on real estate?
by Answerbag Staff on May 4th, 2010
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My mom owned 10 acres since 1948, paid $2500 in '48, was sold '08 for $1.25 million. Does she get a break from or for capital gains since she is over 65 and lived there for so long. or just the $250,000
by rgmcouch on February 10th, 2009
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bought home with mom 3yrs ago 78K,She put down 16K,I took 46K mort, govt paid rest(imm domain). What capital gains if we sell for 80000
by dstevens73 on May 4th, 2010
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I recently sold an investment property and want to purchase another home for retirement in another country while keeping my current residence will I be required to pay capital gains tax on the profit of the investment property if so what percentage?
by crossi on January 23rd, 2009
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We sold our vacation property in Montana and we live in Az. Do I need to file capital gains in both states?
by skippy on March 1st, 2009
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You're reading In order to be exempt from capital gains tax (up to $500,000), a homeowner must live in a property for two of the previous five years. Do the two years need to be consecutive?
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