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Help answer this question below.
I have owned my house for over 20 years; it has doubled in value. I buy another house, move into it & keep the first house as a rental. When I sell the houses, in 10 yrs, will I have to pay CGains in the full increase on the 1st hous
by jrr on August 21st, 2008
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Is there any payment arrangements for capital gains tax on a business? Or any payment arrangements on paying the capital gains tax?
by pops on November 30th, 2007
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With only 105 days left of my three years allowed to rent, if I cannot sell my house before that date passes, can I move back into this rental and claim it as my primary residence, even if I already have one as my primary in order to avoid capital gains?
by Anonymous on July 8th, 2007
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My husband and his three siblings are going to sell property thay acquired from their parents when they died. Can they take their share and invest it back into their own home and keep from paying Capital Gains?
by Anonymous on October 17th, 2007
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Selling 14m $ worth of property for 6m to avoid chapter 7 buyer will then lease- back the properties to seller with repurchase option 6m & interest . to avoid capital gains on 3m .Can the seller sell the property for 3m &loan3m.
by con on February 8th, 2008
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You're reading I am bldg. a new home on a lot. is it better I initially rent the house/hold it to exceed the 1-yr tax time frame to avoid sht-term cap gains? or, sell ASAP and reinvest profit within one year to avoid any cap gains?
Comments
it wasn't that bad, i think i understood the question alright.. i just don't know enough of "money practices" to answer it..
by AVS426 on December 2nd, 2006