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At whatever time that you have claimed a house for over one year, you could be seen as having a speculation resource. Before you settle on the choice to offer your main living place, your business property, or your second home, you should be clear about the math.For more information information visit us our official website.
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If you have already sold a property before then you are already familiar with the concept of a capital gains tax. This is seen by some individuals as the government’s attempt to get a piece of the appreciation that has accrued in the home. Any time that you have owned a house for more than one year, you could be seen as having an investment asset. Before you make the decision to sell your primary residence, your business property, or your second home, you need to be clear about the math. In the situation where the home is being used for investment or business purposes, you may be eligible to use a 1031 exchange to defray the immediate capital gains taxes
Phone : 866-570-1031 Secure Internet Fax (904)-531-3003 Email:Robert@qualifiedintermediary.net
