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Do you have to pay capital gains on land?
Questioner：Alexander Davis 2023-06-13 09:00:23
The most authoritative answer in 2024
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Harper Cole——Studied at the University of Zurich, Lives in Zurich, Switzerland.
Someone in a 35% federal tax bracket with a profit of $50,000, for example, would pay $17,500 in short-term capital gains taxes by selling the land after a year or less of ownership versus $7,500 in long-term capital gains taxes if the land were held for more than a year. Lowering your taxable income.Jan 3, 2011read more >>+119962023-06-20 09:00:23
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