The Realized Team’s Picks
Is Money Received From an Eminent Domain Taxable?
One bright, sunny day you might hear a knock on the door. When you answer it, the local mail man hands you a certified letter, requiring your signature. You sign, take the letter and rip it open.
What Happens if I Don't Report Capital Gains?
To address the question of what can happen if a taxpayer fails to report capital gains, it will help if we start by clarifying the terminology. A capital gain is the difference between what you pay to acquire something (an asset) and what you sell it for. Assets can be tangible, like stocks, gold, and property, or intangible, like copyrights or patents.
How Does a 1034 Exchange Work?
Once upon a time, before the late 1990s, you could sell your personal residence for a profit. The issue, however, was that the capital gains on that sale might automatically trigger a taxable event in the form of capital gains taxes. Unlike today, those tax rates were high, averaging 28%.
How to Avoid Capital Gains Tax When Selling Farmland
Accountants and finance professionals view farmland differently than other capital assets. For example, a retail strip center and undeveloped farmland are both real estate. But their purposes and uses can differ.
How To Minimize Capital Gains Tax
There can be significant advantages to owning investment real estate, including reducing taxable income with business expenses, depreciation, and amortization. Unfortunately, what the IRS gives, it also eventually takes back. In this article, we’ll discuss capital gains tax, how to calculate potential capital gains tax liability, and ways commercial real estate investors can minimize the impact of tax on capital gains.
Can You Use Capital Gains to Pay Off Debt?
There’s nothing wrong with using profits to pay down debt. That simple transaction reduces leverage. But is it possible to pay down debt using capital gains, and are there any tax advantages to this tactic?
Is Form 8824 Required Every Year?
A 1031 exchange is a complex process. There are many rules to follow so that the exchange isn’t invalidated. Additionally, specific forms, such as form 8824, must be filed. The frequency and timing of filing for this form can vary depending on the taxpayer’s specific situation. In this article, we’ll look at form 8824 in more detail and discuss its filing requirements.
What Happens When a Joint Tenant Dies?
Sorting out real property ownership interests following the death of an owner can be a complicated, messy, and prolonged legal process.
How to Get a Wholesale Property Under Contract?
Novice and even experienced real estate investors know that completing real estate transactions is often a complicated process – and that’s not even taking into account the capital that’s required to acquire or secure financing for commercial and residential investment properties.
What is Tenancy by Entirety?
Married couples have a plethora of important financial decisions to make, and one of the biggest comes when they purchase a home together.
