Rules for selling house and capital gains

    • [DOC File]Announcement Effects: Taxation of Housing Capital Gains in ...

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      The paper is organized as follows. In the next section we provide background to the legislated changes in tax rules relating to capital gains, especially the switch from basing the tax on assessed gains to actual gains. In Section 2, we provide data relating to the impact of the August 2005 announcement.

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    • [DOC File]Capital Gains - Tax Prophet

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      a) With the new 18-month holding requirement for capital gains treatment, many taxpayers would be tempted to lock-in gains and wait the 18-month period by selling “short against the box” (selling short the identical securities) to eliminate a risk of loss during the holding period. Congress, however, has put a stop to this technique.

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    • [DOC File]Selling - NBAOR Main Home Page

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      If you sell the inherited home for a profit, you're required to pay federal and state taxes on the gain. If you keep the house as a second residence and/or eventually move into it after renting it to tenants, you may take the $250,000/$500,000 capital gains tax exclusion if you meet the requirements.

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    • [DOC File]Effects of Capital Gains Tax:

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      Another important factor is that capital gains taxes only affect income that is reported on personal tax returns, i.e., capital gains from the selling of shares held directly by individuals or flow-through entities, such as mutual funds, partnerships, trusts, S corporations, or limited liability corporations that pass dividend income to ...

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    • [DOC File]Capital gains home-sale tax break a boon for owners

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      CAPITAL GAINS HOME-SALE TAX BREAK A BOON FOR OWNERS It's your gain, or profit, that determines the size or lack of a tax bill. In fact, you can sell your house for $1 million and still not owe Uncle Sam as long as the profit portion was not more than $250,000 or …

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    • [DOC File]Outline: Hot Topics in Income Taxation of Real Estate ...

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      Installment Sale Rules. Gains from the sale of property by a taxpayer to a “related party,” as defined in §453(f)(1), are eligible for installment reporting, but any amounts received by the transferee upon a subsequent disposition of the property within two years of the date of the original sale will result in acceleration of income.

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