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Death Means Capital Gains Take A Holiday For Heirs Selling A House - Latest News
Getting “Real” by Indexing Capital Gains for Inflation
Under the current tax treatment of a capital gain, stock bought at the start of the period for $100 will sell for ... Capital gains in estates are forgiven under the provision that allows step-up in b... read more
How Obama would close the 'trust fund loophole'
At the time of your death ... capital gains tax on that $100,000 gain. Related: Obama bank tax: Smart policy or bank bashing? The cost basis for the person who inherits it will be $400,000. And when t... read more
When Tax Cuts Were a Tough Sell
On Aug. 6, 1962, Kennedy met with Representative Wilbur Mills, chairman of the House Ways and Means Committee ... tax all unrealized capital gains at death. Then, as now, unrealized capital gains held ... read more
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Tax-Savvy Ways to Manage an Inheritance
That can make an important difference when it comes to how heirs calculate and pay capital gains taxes upon the sale of an asset. Take note ... a house. Like with stocks and mutual funds, an inherited ... read more
The Most-Overlooked Tax Breaks for Retirees
The extra $1,600 will make it more likely that you'll take the ... in 2015 and sell it in 2018. The post-2008 vacation-home use is seven of the 20 years you owned the property. So 35% (7 ÷ 20) of the ... read more
Top 7 Tips for Investing in Art
"If you take a long view of art ... and generally will be taxed at the higher capital gains rate of 28 percent, versus the current 15 percent for most equities held long term. The rate could be even h... read more
Don't Miss These Three Year-End Trading Strategies
You see, over the next few weeks, three year-end trading strategies will come into play, all capable of producing major short-term profits for astute investors. They are: Annual tax-loss selling ... t... read more
Affluent Indians Seek a Home Abroad
This means that the vast majority of foreign real estate transactions take place through personal savings, says Pranay Vakil, former chairman of Knight Frank India. But don’t bother saving too much fo... read more
Patch Blog: Six Reasons NOT to Add Your Child to Your Home Title
Capital Gains Tax Problem If the child receives a one-half interest in your home or other assets during your lifetime, the child's basis in that asset will be the same as yours. That means ... your ho... read more
Will Republicans kill the estate tax?
But on one measure there's likely to be unanimous support: Repealing the federal estate tax, or what critics derisively refer to as the "death" tax. House Ways and Means Committee Chairman ... So they ... read more
How to Buy Property With a Spouse, Friend or Business Partner
The way you take ... partner can sell his or her share to another person, and each partner can do a 1031 tax-deferred exchange, avoiding capital gains tax, for other investment property if needed. If ... read more
I Inherited Stocks. How Can I Reduce the Taxes I Owe?
But you could have to pay taxes on your windfall when it comes time to sell. At that point, if the investment is worth more than it was at the time of your benefactor’s death, you’ll owe capital gains ... read more