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5 dni temu · You can only qualify for the home sale exemption from the capital gains tax once every two years. This is sometimes called the "two-year rule." The IRS measures the two years beginning with the date of the sale of your home.
6 dni temu · Although the rule that allows home sellers to take up to $500,000 of profit tax-free (up to $250,000 if you're unmarried) applies only to a sale of your principal residence, there is a way to extend the break to your second home: make it your principal residence before you sell.
4 dni temu · It is important for small businesses to understand how they may be affected by the Corporate Transparency Act, including whether they will need to file a BOI report. A major reporting deadline is fast approaching. All non-exempt companies created before January 1, 2024 have until January 1, 2025, to file their initial report.
2 dni temu · TurboTax. Jul 26, 2024 8:27 AM EDT. Key takeaways. If a federal tax deadline falls on a weekend or legal holiday, the due date is automatically extended to the next business day. This can provide...
3 dni temu · If a federal business tax deadline is missed, the IRS can charge you interest and hit you with penalties. That’s why it’s so important to understand when business taxes are due. The guide below will help you stay on top of your business’s most important federal income tax return and payment deadlines in 2024.
4 dni temu · Form 1098 is an IRS form used by taxpayers to report the amount of interest and related expenses paid on a mortgage during the tax year when the amount totals $600 or more.
4 dni temu · Deferred Gain on Sale of Home was a tax regulation, repealed in 1997, that allowed some of the tax on the profits of the sale of a home to be delayed by certain taxpayers.
