2007-01-10 05:11:26 · 4 answers · asked by Egberto C 1 in Business & Finance ➔ Renting & Real Estate
Any investment held over a year pays capital gains taxes. Stocks, real estate or other investments.
2007-01-10 05:18:07 · answer #1 · answered by sm4125 3 · 0⤊ 1⤋
Capitol gains taxes are not paid on the annual income of property; that's 'income taxes', CG taxes are paid on the sale of property and the profits that are made off that parcel of ground at time of sale. The difference between the amount you paid for the property and the amt you sold it for is the pft and the cap gains are figured for that amt only.
2007-01-10 13:53:44 · answer #2 · answered by ticketoride04 5 · 0⤊ 0⤋
Three years ordinary - less than that would be capital.
2007-01-10 13:27:47 · answer #3 · answered by mochachreme 3 · 0⤊ 1⤋
1 year to qualify for capital gain treatment. Please contact me directly if you have any further questions or need professional assistance.
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Email: Steve@SLarson.com
2007-01-10 19:59:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋