Sunday, October 30, 2011

Taxes on long term capital gains for houses?

I bought a rental in 1999. Sold it in Dec 2003 and did 1031 exchange for another property in Jan 2004. Sold the property in Apr 2005 for a gain. Will the gain be 15% long term capital gains?

Chosen Answer:
hmmmm. im not sure on that one i would ask a taxing agency like h&h r block or soemone professional you understand of what i am saying?
by: mike
on: 16th April

1031 Exchange Requirements...Read More...

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