Tag Archive: "long-term capital gains"
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How to Sell Your Land and Pay No Tax – MAYBE
I had a reader ask me questions regarding the taxation of an installment sale of farmland. I helped him out and thought it would be a good idea to do another post on how you may be able to sell farm land (or other capital gain assets) in certain situations and pay no federal income […]
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The Power of Installment Sales
We had a reader ask the following question: “I plan to sell some land this year. Will my tax liability be less if I take payments from the buyer over several years?” Before answering this question, lets review how an installment sale works. Instead of owing all of the tax in the year of sale, […]
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Capital Gains Questions on Selling Farmland
We had a reader ask the following series of questions. We are going to break them down into a question and answer format. Q – Regarding capital gain rates and selling farmland – Am I correct to use the difference between a stepped up ( appraisal / time of death ) value of inherited farmland and […]
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Up to Ten Capital Gains Tax Rates for 2013!
After reviewing the various phase-outs of itemized deductions and personal exemptions based upon gross income plus the implementation of the new 3.8% investment surtax, for 2013 there now at least 10 different possbile maximum long-term capital gains and qualifying dividends tax rates. The rates range from zero for that portion in the 10-15% tax bracket […]