2025年1月11日 · Gains on the sale of personal or investment property held for more than one year are taxed at favorable capital gains rates of 0%, 15%, or 20%, plus a 3.8% net …

2024年12月20日 · You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 of your profits if your tax-filing status is single, and up to $500,000 if married …

Instead of owing capital gains taxes on the $350,000 profit from the sale, you would owe taxes on $250,000. In that case, you’d meet the requirements for a capital gains tax exclusion and owe ...

You must account for and report this sale on your tax return. You have indicated that you received a Form 1099-B, Proceeds From Broker and Barter Exchange Transactions. You must report …

2024年11月4日 · For single tax filers, up to $250,000 of the capital gains can be excluded, and for married tax filers filing jointly, up to $500,000 of the capital gains can be excluded.

2025年1月23日 · No. Homeowners aged 55 and above used to be eligible for a one-time $125,000 capital gains tax exclusion on the sale of their home, but this tax law expired in 1997 …

2023年6月14日 · Gains. Taxpayers who sell their main home for a capital gain may be able to exclude up to $250,000 of that gain from their income. Taxpayers who file a joint return with …

3 天之前 · Capital Gains Tax (CGT) is the tax levied on the profit from the sale of a property or asset. It is calculated based on the difference between the selling price and the purchase price …

2025年1月8日 · A 1031 exchange allows you to roll over profits from a second home sale into another investment property within 90 days of selling and defer capital gains tax liability. This …

2024年1月5日 · A 1031 like-kind exchange allows you to defer paying capital gains taxes if you reinvest the proceeds from the sale of a property into another similar property. That’s right: If …