A first-time house flipper spent 46 weeks renovating a house. He listed it for sale and soon received a strong offer from a buyer. The flipper was stunned when I said that he would have to pay taxes on his profit. I told him three...
So you're thinking of selling one or more properties, and you thankfully will make a profit. How do you minimize your capital gains tax? If you're selling your principal residence and you've lived there at least two out of the past five years, then the...
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