Sentences with phrase «substantial capital gain taxes»

With careful planning, Section 1031 and Section 121 of the Internal Revenue Code (IRC) provide opportunities to shield - if not eliminate - substantial capital gain taxes when selling a primary residence converted to a rental property and a residence with an office.

In the event of required asset sales, substantial capital gains taxes could be incurred.

This activity has two costs: brokerage commissions and substantial capital gains taxes.

With careful planning and sound legal and tax advice, real estate investors may be able to build their portfolios without paying substantial capital gains taxes.

Not exact matches

Avoid doing things that cause unnecessary taxation, such as frequently trading investments and incurring substantial short - term capital gains tax, which have higher rates than longer - term investments.

The «loss» of tax revenue from non-taxable capital gains won't show up for years and decades in any substantial way.

«People who are very wealthy, particularly payers of capital gains tax, people on very high incomes who get substantial income relief under the income tax system should pay more, in order that poorer people and indeed people on middle incomes are lifted out of tax altogether.»

But you could still use this strategy to eliminate a substantial amount of tax, even if your adjusted gross income puts you at the 15 % tax rate for long - term capital gains.

While the capital gains tax elimination is substantial, it's only part of the story.

A charitable remainder trust may allow you to make a substantial gift to charity, avoid capital gains tax, and provide regular income for you and your family.

Capital gains distributions must be made by a mutual fund manager because tax law dictates that substantial portion of investment income and capital gains must be paid to invCapital gains distributions must be made by a mutual fund manager because tax law dictates that substantial portion of investment income and capital gains must be paid to invcapital gains must be paid to investors.

Because it has substantial evidence that cryptocurrency investors have been making capital gains on their virtual currency trades and not properly reporting them on their tax returns.

In particular, we are interested in any practical issues that may impact on taxpayers» abilities to calculate and substantial any capital gains and losses for capital gains tax (CGT) purposes.»

Essentially, the official announcement states, «In particular, we are interested in any practical issues that may impact on taxpayers» abilities to calculate and substantial any capital gains and losses for capital gains tax (CGT) purposes.»

During the tax debate, the National Association of REALTORS ® was able to secure substantial wins for residential and commercial real estate, including retention of the rules for the exclusion of capital gain on the sale of a principal residence and preservation of 1031 like - kind exchanges for commercial property owners.

«This year, it could be substantial,» says Graff, who recommends reviewing your investment portfolio to find potential losers that could be sold to offset the 15 percent capital gains tax.