Of all the areas affected by the 1997 Taxpayer Relief Act--the most sweeping tax reform agenda in years--perhaps the greatest impact will be in real estate. From the capital gains reduction on investment property to the new $500,000 exclusion on the sale of residences, the revisions are numerous--and complex. This concise, easy-to-understand book clarifies and simplifies these changes for you, explaining exactly what the revisions are, what they mean for your holdings, and--perhaps most importantly--how you can profit from them when buying or selling residential or commercial real estate.
With the very latest information on capital gains, home office deductions, home exclusions, and other modified provisions, Buy or Sell Real Estate after the 1997 Tax Act shows you how to: Formulate effective strategies to achieve the best returns Take advantage of tax-free exchanges Use new exclusions to save money when selling your home Manage rental property sales Choose between trading and selling Determine your taxes under the new rules Here is an authoritative, accessible, and thoroughly indispensable guide for anyone looking to understand--and capitalize on--the new tax law changes in real estate.
- ISBN10 0471147230
- ISBN13 9780471147237
- Publish Date 5 January 1998
- Publish Status Out of Stock
- Out of Print 28 September 2012
- Publish Country US
- Imprint John Wiley & Sons Inc
- Format Paperback
- Pages 210
- Language English