Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are a few strategies you ...
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 ...
With the potential for significant tax consequences, property and small business owners are apprehensive to make a sale, even when they're looking to retire or sell their appreciated home. As ...
Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...
Capital gains tax is a levy imposed by the IRS on the profits made from selling an investment or asset, including real estate. Primary residences have different capital gains guidelines than rental ...
A home seller may not owe any capital gains taxes on sale of a principal residence if the transaction qualifies for the Section 121 exclusion. However, under certain circumstances the seller may owe ...
If you sell stock, cryptocurrency, real estate, precious metals, or any other capital asset, there’s a good chance you’ll ...
As an investor, I’ve learned that making money isn’t just about buying low and selling high — it’s also about understanding the financial consequences of every move. One of the biggest pitfalls ...
Selling an investment property can lead to significant capital gains tax, but there are strategies to help mitigate this burden. Learning how to avoid capital gains tax on investment property involves ...
Divorce is never simple, and that’s particularly true when a home is involved. While property division is often hashed out during settlement talks, many divorcing couples don’t anticipate the ...