Comments on: Real Estate Capital Gains

By: IRA Investing Could Help You Avoid Capital Gains Tax

IRA Investing Could Help You Avoid Capital Gains Tax — Wed, 03 Nov 2010 23:23:11 +0000

[...] favorite benefit is that when you sell any asset in you IRA, you pay no capital gains tax; if the investment is held in a Roth IRA, you never pay tax again. Imagine the tax burden you [...]

By: Craig Monnier

Craig Monnier — Wed, 29 Sep 2010 16:18:54 +0000

I have a mixed use building I purchased 17 years ago and lived in for 13 years. The past 6 years 1 suite on the downstairs part of the property was leased out as a hair salon. Hurricane Katrina flooded the property 5 years ago and the property sat vacant for 2 years and the hair salon was leased again for the past 3 years. The upstairs where we lived has not been renovated since the hurricane. I purchased this building as my home 17 years ago, how does this impact my capital gains?

By: Anne Melton

Anne Melton — Fri, 13 Aug 2010 12:13:06 +0000

I inherited 136 acres of land and plan to sell at the right price. How will I benefit best – sell now before the change in tax laws goes into effect; sell after they change; or hold onto it until the market levels out? I have been told it could be income tax or capital gains.

By: cheryl huebert

cheryl huebert — Fri, 23 Jul 2010 21:19:58 +0000

My husband and I are looking at starting to purchase homes to “flip”. Owning them for just a few months and reselling. What are the capital gains rules with this? Also, is there any tax benefit to doing an LLC?

By: sarah mecklem

sarah mecklem — Fri, 26 Feb 2010 02:01:25 +0000

I bought a mixed use building in 1998, renovated 2 spaces where I lived & worked until Dec.2007 when I bought and moved to another home. The mixed use building has 2 commercial spaces and 3 apartments which are now all rented. I put the building on the market in Sept but am wondering about capital gains impact. Does this building qualify as my home which it was for 9 years even though it is a mixed use building? Or will it fall under another category and if so what would be the capital gains application. I would be using the money from the sale to pay down my new mortgage. Can you e-mail your response?

Thank you. Sarah Mecklem

By: Ademar Ramirez

Ademar Ramirez — Wed, 15 Apr 2009 17:18:54 +0000

This is actually a question. I’d like to know what are the tax consequences when you short sale your investment property. If you can respond via e-mail.

Thank you.