Converting your home to a rental could trigger a 'tax bomb' when you sell, advisor says
There's a special tax break, known as the Section 121 exclusion, that shields part of your home sales profit from capital ...
realty.economictimes.indiatimes1d
FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposes
The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where ...
SmartAsset on MSN4d
Ask an Advisor: If I Survive My Spouse, Will I Get Full Basis Step-Up or Capital Gains Exemption on Our Home?
What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...