I am anticipating to sell my first chateau which I have owned for eighteen months as well as take the distinction as well as deposit it in to my fiances property. What have been the taxation implications of this? Is there the sure volume of $’s which we can still have but carrying to own the skill for 2 years…
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your gain will be taxed at 15% capital gains rates, unless somehow you fall into Alternative minimum problems. you need to hold off for 6 months or do a 1231 exchange.
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