[[3) How do I sell my current house and by a new one while minimizing my tax liability? This is my second sale of a home so I do not get the tax break for the first time sale of a home.]]Huh??? I'm not sure that I understand what you are trying to say. You may be a bit confused. The "first time" has to do with home PURCHASE...not sale. The exclusion for the gain on the sale of a personal residence is an entirely new and separate issue. And you can exclude such gain once every two years. You can read more about these issues in the Taxes FAQ area, and my multi-part post on this very issue. You really should check it out.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Don't be the LAST one on your block to own this masterpiece, since it's sellin' fast. Remember: It's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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