MLM Passive Income

Avoiding capital gains tax querie? I own two rental properties that I have never lived in. I want to sell one which has increased in value by 100,000 in past 3 years and roll the earnings into the other rental property. Could this be considered a like in kind exchange to help me avoid capital gains tax?

question about avoiding capital gains? what would you do to avoid capital gains. you own a home and have had it rented out for 4 years. you are moving back to the us, where it is, and you want to sell it for something smaller. any way of avoiding capital gains without moving into it for 2 years? thanks

Avoiding capital gains tax?!?!? Hi, I live at home but own 1 flat with a buy to let mortgage on it. I am currently selling it but want to avoid the capital gains tax, is it true I can change my residential address to this propery thus avoiding the tax? If so how long must i theoretically live there and must I change my address with mortgage company, bank, post office (basically everyone)? Any advice would be brilliant.

Can I avoid capital gains on an investment property if I use the money I make to purchase a primary residence? We have a primary residence now in an area where homes have depreciated. We have a rental in a different city where home prices have gone up. We would like to sell the rental home to purchase a new residence to live in. Can we do a 1031 exchange, or is there a way to avoid capital gains?

How to avoid capital gains from a stock spilt? I own stock expected to spilt later this year. Is there any way to avoid paying capital gains if I move the funds non-stock based investment? My concern is the stability of the stock market as I approach retirement age in the next 10-12 years. I would most like the money in an FDIC insured account of some type. This spilt is associated with an IPO and I expect my gain to be 2-6 times my current portfolio value. What is the maximum capital gains liability? My desire as stated is to move the money from a stock-based investment into something more secure as I approach my retirement. This is not my only funds for retirement, I have a 401K. It is a windfall from my company going public and I want to shelter as much as possible legally from tax and move into another form of investment for retirement to diversify my holdings.

What's best way to avoid Capital Gains Tax on sale of commercial building? We are selling a commercial building and will make a profit. The profit will only be about $100k, does this fall under the $250k/$500k tax exemption, or is that just for home sales? Can we avoid capital gains tax by reinvesting it in a second home we rent out? What is the time limit of renting before we can live in it as a primary residence?

How long do i have to live in my principle dwelling to avoid paying capital gains tax? This is my only house and I have been told that if i live in it for a certain period before renting it out or selling it I can avoid capital gains tax. Is this true?

Who must live in a house to avoid capital gains for 3 in 5 years rule? I have a house I'm going to rent out for about 5 years. I have a lot of gains on the house now. When my son goes off to college I was thinking of doing a like-exchange to buy a house near his school. He could live in the house and rent out some of the rooms. Since he is my dependant can I then sell the house when he graduates and avoid the capital gains?

What is the minimum time I must live in my condo to avoid Capital Gains Tax? I just recently moved into a new development at the beginning of June. It is smaller than I expected and I would like to sell it and move somewhere else. The condo was assessed at $100,000 more than what I paid for it. How long do I have to live in the condo to avoid Capital Gains Tax? What is the minimum amount of time?

My self and my partner have bought her mothers house.Is there any way of avoiding paying capital gains tax.? How long would we have to live in it to claim private residence exmption?

avoiding capital gains tax on sale of gold coins? Here's the situation: A family member wants to sell a substantial amount of his gold coins and have the dealer transfer the profits directly to me as a loan that I can use towards buying a house. Why he's doing this: A) so I can have an interest free loan towards making my downpayment (and yes, I have since found out that there is no interest-free loan in the eyes of the IRS, but that's another matter) and B) He believes that, if the profits never touch his bank account but go directly to me, then he is essentially transferring his money from one type of investment (gold) to another (real estate) and can avoid the capital gains income tax (which I believe is very high on gold). I am planning on consulting a tax lawyer, but I just thought I'd see if anyone knows anything here, too. Would this plan work? Is there anything illegal about it? Serious answers only, please. thanks in advance.

Is there a way to avoid capital gains taxes when selling stocks, like investing the money in real estate? A family member does not want to sell his stocks because he does not want to pay capital gains. Is there a way to re-invest the money he makes when he sells the stock so he can avoid the taxes?

rental converted to primary residence, how many years do you have to live there to avoid capital gains as 2nd ? - sold 1 resident & 1 rental - use the proceed to buy 1 primary residence - sold that one and bought another smaller place as primary residence so how long do you have to live in the last house to avoid capital gains tax? I really need the website that details the rules. All i can find is for the simple one conversion.

In real estate, can I exchange two houses for one house in a 1031 exchange to avoid capital gains any way? I have 2 homes. One I live in, the other I rent out. I am retiring, and I would like to sell both the rental and my home to buy another home. Is there a way to do this to avoid capital gains?

Is it possible to roll capital gains into purchase of next property to avoid tax? We are considering selling our house that we have owned for less than 2 years, so we don't automatically qualify for the capital gains exemption. If we roll the gains from the sale of our house into the purchase of another house, do we still have to pay capital gains tax? Specifically, if our net gain is $50k and we applied that to the down payment of our next property, do we still pay capital gains tax? If not, is there any other way to avoid capital gains tax? Are you sure about the $500k exemption? We have lived there for less than 2 years so it is my understanding that the exemption doesn't apply. I want to believe the first answer, but I can't find anything online that says that I can roll it into our next house to avoid the tax. Instead, everything that I read says that that portion of the law has been repealed.

Can capital gains tax be avoided by selling existing property? New property under construction has been aquired by Mr.X, he has an exisiting property. Can he sell the exisiting proerty within one year of aquision of the new property under construction to avoid capital gain tax?

to avoid capital gains, can I pay off my other "like" property? I own 2 very similar properties. I want to sell one, and pay the other off. They are both investment properties, one is my primary residence. Can I avoid capital gains by "buying" my own other investment property?

avoiding capital gains tax? I accumulated some shares for £5000 over the past year or so, which are now worth £27000. I want to dispose of some of them (maybe half) If I sell £10000 worth now, could I then sell another £10000 after April, and not be liable for capital gains tax on either sale?

can i sell 2 properties in one year and use the proceeds for one new house and avoid capital gains taxes? sold one that we were renting out (qualified as residence since we lived in it 2 out of 5 years) now we want to upgrade and sell current home, using proceeds from both to purchase larger home...any way to avoid capital gains on one or both of these properties?

Any way to avoid capital gains tax from the sale of one biz and the purchase of another in CA? From what I understand, you do not have to pay capital gains tax from the sale of a home if you purchase another home. Is there a similar law for the sale of a business and the purchase of another business?

How can I avoid capital gains taxation on a house flip if I am a first time home buyer? As a Canadian, if you buy a home and live in it for two months (as primary residence and first home purchase) do you have to pay capital gains on the resale profit?

How do I avoid capital gains tax on a condo I own in Florida? I own and lived in condo for 18 mos., then rented it out. I am considering selling it, but do not want to have to pay all that capital gains tax. Suggestions please.

Were can I get professional advice re how to avoid Capital Gains Tax? In the north west of england.? I would appreciate professional advice on how to avoid Capital Gains Tax. Someone in the northwest of england, any suggestions please.

Parents selling home & moving in with me, how can they avoid capital gains tax? My boyfriend and I just bought a house (110K lien), and his parents will be moving in with us, in a garage-converted apartment. Parents are selling thier house for $80k to my boyfriend's older sister. Since they are close to 80 and have no other assests, we are trying to invest legally but avoid capital gains. Should that 80k be paid on our house and add the parents to the title, or should the deed to the original house be passed as a "gift" to the sister and sister pay mom & pop under the table? Or should the 80k be split between all 7 of mom & pop's children as an inheritance (even though both are alive, they do not have a will). Let me know what options exist. The parent's home is a single-wide mobile home on a permanet foundation on 1 1/2 acres of land in Maryland. They bought the land & the mobile home in the early 1980s and have owned & occupied it since then.

How soon do I have to buy a new home after selling my old home to avoid Capital Gains Tax? My husband and I are getting divorced and splitting the proceeds of the house sale. I've heard I have to buy something else within 3 months or I will have to pay Capital Gains Tax on the profits.

Can I buy a home, live in it for LESS than 2 years, and still avoid capital gains taxes? I am buying a home in the next 2 months. However, in 20 months I am planning a move out of state. This is my first home, and I will be selling it and immediately tossing the money into a new home in the new state. I am somewhat familiar with the capital gains tax rules, but they only say you have to live in the home 2 out of 5 years. What happens if I was a renter and never owned a home, then live in it for 20 months, sell it, and buy a new home right away? Will I owe regular total capital gains taxes, or are there some exclusions that would apply to me? I would be looking at making about $20K profit in buying this first house and selling it in 20 months. Thanks! It looks like I confused some people... I am presently a renter. I am buying a home because it is in a nicer neighborhood, the mortgage payment is well within my budget (I'm going from paying $700 in rent to paying $900 including taxes on a mortgage) and after my updates to the home are deducted, I expect a NET $20K profit. However, I am planning on a move out of state in about 20 months. I will put the house back on the market about 3 months before I want to move, and if it doesn't sell, oh well. Presuming it does sell, I will be moving out of state and putting the profits into a new primary residence. My concern is if I am treated like a money making machine by the IRS, and taxed left and right just becuase I sell it 4 months prior to the 2 year requisite. I am wondering if it being my FIRST home, and me putting the money directly into my NEXT home helps out and gives me any exclusions. Hope that is more clear/

How long do you have to live in your home before you sell it, in order to avoid capital gains? Home is on the market, and now we are wondering since we have 6 months to go before having lived in the home for 2 years, we are wondering if we will have to pay capital gains tax, as long as we reinvest the money in a new home?

I have a friend who payed off her house already and she's single. How can she avoid capital gains tax w/sellg If my friend wants to sell her house now for about $500000, she will have to pay Capital Gains taxes on $250000 of the profit the way the tax laws are written now. Is there any way that she can avoid paying those Capital Gains Taxes to the State of California if she sells her house for more than $250000? From what I've heard from other sources, the only way for her to avoid paying the Capital Gains tax for any profits over $250000 is for her to get married, at which time her Capital Gains excemption goes up to $500000.

father died -property in my name for 20years -any way to avoid capital gains tax? Property is jointly owned by my brother and I - this was to avoid property having to be forcibly sold is parents needed to go into care - now both deceased - any way of avoiding capital gains - is is best to leave to our children to inherit?

If me and my mother buy a house together and both use it a a primary residence, can we avoid capital gains tax? If me and my mother buy the house and live there for two years as a primary residence. Can we qualify for the $500,000 capital gains tax exemption that married couples qualify for? What about an unmarried couple in general?

How do you determine date of residency in terms of capital gains tax? I lived in my house for seven years. I moved in with someone else, gradually, over several months, while I was fixing up my house to put it on the market to rent. I changed the address on my driver's license at some point during that time and filed a change of address form at some point and eventually put the house up for rent. Now I'm thinking about selling the house. I know that to avoid capital gains tax on a property you have to have lived there for two out of the past five years, but how do I determine when that was? Do I go by tax return, date I rented it out, driver's license, change of address form...or what?

How can I avoid short term capital gains taxes? I make a significant potion of my yearly income from options trading. I've always wondered if it is possible to avoid or defer the costly short term capital gains taxes. I found some advice here: http://www.finweb.com/taxes/avoid-capital-gains-tax-on-stocks.html but it does not seem to apply to gains made from options investing (or else I am not clever enough to see how it does).

what bonds should be bought to avoid capital gains on sale of a house? I am thinking of selling my house. but worried about tax implications i.e., capital gains. can i buy any particular bond to get exemption from payment of capital gains

Avoiding Capital Gains Tax ? How long do you need to live in a house to avoid CGT tax ? -if its your only property? -if its your second property? Thanks You no this is for canada, so i only need to live in a house for one day, and can sell it and not have to pay capital gains ?

Can I avoid capital gains with this situation? I would like to sell a second home, and purchase another second home (like-kind purchase), thereby not having to pay capital gains tax. It is possible I may need to sell my primary residence, take the $500,000 exemption for my wife and I, and possibly move into the newly purchased second home, making it our primary residence. Should there be a window of time in between doing this if we have to move and can't afford two homes? Is this legal? Can it happen? Any help would be greatly appreciated.

how do we avoid capital gains tax on 2nd property with no mortgage on iether. We want to sell 2nd property.? We have rented 2nd property for 6 years and have no mortgage. We have heard if you own your property for 10 years you can avoid Capital gains tax, is this true?

What is the best way to invest money to avoid capital gains taxes? I have approximately $200k to invest. I want to invest it so that I don't have to pay taxes on the gains every time I close out an investment so I can keep maximum profit for reinvesting until I am ready to retire.

Can I avoid capital gains from a mutual fund by buying a house? So I want to take any profit and use it on a down payment. Will this work for the like investment clause or anything like it?

How can I avoid capital gains tax on the sale of rental property? I do not want to live in that property for two years.

capital gains implication on buying and selling land/property? I want to know whether one can buy a property and then sell another land property, and avoid capital gains on the sale of land, or whether the selling has to happen first before the purchase. Also, is land and part constructed property on a land treated the same for this purpose.

If selling a second property can I avoid capital gains by paying any profit into private education? The high schools within our catchment area are awful and there is only one Grammer school for a massively oversubscribed area. Is there any way I can pay the profit into their education (creating less strain on system, that is already taking tax from me for a state education that I do not have confidence in) rather than back to the taxman? We are not a wealthy family. Low earning, but both husband works full time and I work part time. Also quite lucky to have bought a small second property a few years ago that has appreciated fairly well. Any thoughts?

How to avoid long term capital gains tax? I, my sister and my mom are legal heirs of my late fathers property worth 75 lakhs in chennai. If we sell it do all 3 of us have to invest 25 lakhs each in a new property to avoid tax? can we buy 2 flats worth 37.5 lakhs each for myself and my sister and use my mom as joint property owner in both the flats to avoid paying capital gains tax?

How long do I have to live in my house to avoid capital gains tax?

how do you avoid capital gains tax on an inherited house? we have recently recieved a house from an inheritance, but if we sell it and buy something cheaper how do we obtain the difference without it being taxed. do you always have to reinvest the money into property of equal value? we would like to sell it and buy something cheaper and also buy a vehicle or two.

iam owning an agricultural land in chennai.how to avoid capital gains if i sell it?the value is around 1 crore my agricultural land has been briought some 10 years back now the land value is over 1 crore per acre. now i want to sell it.how to avoid capital gains

Is there any way of avoiding Capital Gains Tax on my second property? I inherited the property (property A) in 2001 from my late mother when I was 18 and have been renting it out ever since. I used to live in Property A prior to when I inherited it, when it belonged to my mother, but not since then. Until 2007 I only owned property A, but I then in February 2007 I bought a second property (Property B), where I have been living since. I would now like to sell property A, but understand that I would be liable for CGT at 18% of the increase in value of Property A since inheriting it? I understand that within 2 years of having acquired Property B I could have elected to make Property A my principal private residence, despite the fact that I have not lived at Property A during my ownership of it? If this is the case no one advised me to do this. Is there any way to avoid CGT, and what is my best option?

How can you avoid capital gains tax on your house?

Can I use profit from an investment sale to payoff a home equity loan to avoid capital gains tax? I recently sold an investment property with some profit and if I use this money to payoff an home equity line on my primary residence, will I have to pay taxes on it?

How can I avoid paying Capital gains? I have a piece of property with a cabin located at a resort in Saskatchewan. I want to sell but want to avoid paying Capital gains. How can I do this? Serious answers only please!

Own a house 1 year and will make 75k selling it, can i use stock loses to off set some of the capital gains? Also, I am buying a new house that is 150k more then the house i am in, would i be able to do anything to avoid capital gains since i am buying a new house of more value? I will sell the house before having it for 2 years. Also, how much in capital gains will i have in WA, i know there is 15% in capital gains, is there any state tax here or anything else you have to pay over the 15%.

Help me to understand avoiding paying capital gains tax on shares sold for a profit.? In the UK the Annual Exempt Amount of net profit from sold shares that can go untaxed is £9,600. Any more than that and you are taxed at 18%. Presuming I make £15,000 net profit on share sales within a financial year could I avoid paying capital gains by gifting the excess shares to my girlfriend and having her sell them within her own personal allowance? Upon further research I think it can only be a gift to a marital spouse or civil partner that would make such a plan work. Are there any other creative ways to avoid paying excess?

Are there any ways to avoid paying capital gains on a home I lived in for 10 months and then rented out? I've searched for a multitude of ways to avoid paying capital gains, but was unable to make the tax laws/breaks work in my favor. Has anyone been in the same situation and been able to avoid paying capital gains on the sale of their home turned investment property? Without resorting to the 1031 Starker Exchange. I've searched for a multitude of ways to avoid paying capital gains, but was unable to make the tax laws/breaks work in my favor. Has anyone been in the same situation and been able to avoid paying capital gains on the sale of their home turned investment property? Are there any other ways outside of the 1031 Exchange?

How to avoid paying capital gains? i did not live in the house quite 2 years. is there a way to avoid paying capital gains taxes?

How can I avoid paying Capital gains? I have a piece of property with a cabin located at a resort in Saskatchewan Canada. I want to sell but want to avoid paying Capital gains. How can I do this? Serious answers only please!

How do I avoid or defer capital gains tax on investment property IN CANADA? Any help much appreciated...? I own a house, in which I live, and a condo that I rent. I'm thinking about selling the condo, and ANY way to avoid paying capital gains tax would be great. Maybe give it to a relative and let them sell it as their primary residence??? Thanks in advance. Please note that the tax laws are different here in Canada from the US.

how do i avoid paying capital gains tax on my second home in the uk? we would like to sell our 2nd home (next door) which has been rented for 6 years, could we avoid paying capital gains tax if we move into it ourselves. we live in the uk

A friend asked me if he could avoid capital gains taxes on his farm by accepting an annuity contract as paymen Is this possible? t for the common stock of his incorporated farm. Is this possible?

If I sell my house, how to soon do I have to buy another, more expensive one to avoid capital gains tax? I haven't lived in the house in the last 4 years, so I'm not exempt from capital gains. It sounds like the only way to avoid capital gains is to buy a more expensive house after I sell my current one, but I'm not sure how long I have to buy the new house after I sold the old one.

Can I avoid How can I avoid paying capital gains taxes on a house I've lived in for 18 months? I want to move before the 2 year "residenancy" period, but am willing to pay the mortgage on the house while renting another place to live until the 2 years is up. Also, what unforeseen circumstances qualify for capital gains tax exclusion? Does having a baby and not being able to afford to stay in the house qualify? The bottom line is I am deseprate to move but don't want to screw myself by owing Uncle Sam a huge amount of money on my home sale.

I purchased in Maryland a year ago and would like to sell. How can I avoid Capital Gains Tax? (homeowner of less than two years) I hear there's a large penalty if you sell in less than two years.

how can anyone avoid paying capital gains tax on second properties in the uk? I'm thinking of buying/renovating and selling property but capital gains tax is making the project unprofitable.

can my girlfriend sell her house that is brand new lived in under a year and avoid capital gains tax? we have 2 houses and need to sell the newest one we are not married yet. Can the house that has been lived in under a year be sold and the money made be invested in my house so we avoid capital gains taxes and if so what are the ways this can work.Can they put capital gains tax on money that you put down on a house. The house she built she put 20000 dollars down on it and she will make 50000 thousand dollars so is only 30000 going to be taxed if she sells.Can we fix up my house with that 50000 thousand dollars and avoid capital gains taxes or do we need for her to put the 50000 dollars down on my mortgage. If we get married does anything change to make easier to avoid capital gains

Can I refinance a property to avoid paying capital gains? can I 1031 a rental to a primary? I have a rental/lease option that I would like to sell and use the proceeds to help me w/my move to another area of the country, I would be relocating but staying w/the same employer. Any help? If I can simply refinance it to 100% then sell it to avoid cap gains I will. Thanks...

Do you need to own your home 2yrs or 5yrs to qualify for tax-free capital gains? My dad sold his home after living there for 20+ years and bought a condo. 6 months later he sold that condo and bought a bigger condo for slightly more money (no capital gains at all with that sale). He's now lived in this last condo for 2 years but needs to sell it because we have to move him into assisted living. (He's lived by himself for all this time). We were told by his accountant that he would avoid the capital gains tax if he occupied his home for at least 2 years. But I've read some articles that say one has to own the home 5 years and occupy it for 2 of those years. What's the right anwer??

I lost my job. Had to sell the house to pay debt. Is their any way to be exempt from the capital gains tax? I lost my job and had to sell my house to pay off debt after only a 1.5 years of living there. I still have not found employment and want to know if there is any way to avoid the capital gains tax as I have no money to pay it.