As home values have soared, the taxes tied to owning and selling a home are under more scrutiny than ever. For longtime homeowners who bought low and watched their equity grow, it’s become a boxing ...
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are ...
Inflation is pricing many citizens out of the housing market. Home prices have increased more than 50% since the start of the ...
Dear Liz: We read your recent column about capital gains and home sales. Our understanding is that if you sell and then buy a property of equal or greater value within the 180-day window, the basis ...
Understanding capital gains taxes from a property sale and the legal strategies you can pursue to manage tax liabilities from selling an asset can help you preserve the wealth you've built in your ...
Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury vacation retreat, or even a rental investment, the IRS treats the sale ...
If you’re proactive, there are smart, legal ways to reduce capital gains taxes and keep more of what you’ve built. If you’ve experienced a successful exit from selling your business, stepping away ...
In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...
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