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August 28, 2023

Selling your home for a big profit? Here are the tax rules

(NIIT) Net Investment Income Tax, Capital Gains, Federal Taxes, Modified Adjusted Gross Income (MAGI), Tax Considerations of Selling Your Home, Tax Rules for Selling Your Home /

Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes sold in July of 2023 rose 1.9% over July of 2022 after a couple years of much higher increases. The median home price was $467,500 in the Northeast, […]

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Divorcing business owners should pay attention to the tax consequences

Assets, Capital Gains, Divorce, Small Business Owners, Small Business Stock, Small Business Tax Tips, Small Business Tips /

If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and in many cases, your marital property will include all or part of it. Transferring property tax-free

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