When you sell a primary residence, the IRS allows you to exclude from your capital gains taxes the first $250,000 of profits ...

The most basic difference is that the capital gains exemption applies specifically to the sale of a current or former (see details below for former) primary residence and the 1031 exchange applies ...

Capital gains tax on commercial property can vary depending on factors like the length of ownership and the taxpayer’s income level. When a commercial property is sold at a profit, the difference ...

Many people are receiving unexpected income tax notices questioning how they funded their land purchases. As the tax department has access to data related to property registrations, a simple mismatch ...