where can i find some information on whether capital gains tax can be deferred?
83280
Call the Customer Service area at the IRS by calling 1-800-829-0922 and ask to speak with someone in the Tax Law Department who handles Capital Gains Tax, they will transfer you.  You can also visit their website at www.IRS.Gov, where you can download forms & publications.  There is even a link where you can Free File your return at no charge (if your AGI is less than $50,000).
147606
Try here:\n\nhttp://www.irs.gov/publications/
1032070
Depends, if you use your profits to buy another house within, I believe, 2 years, no.  Check the IRS website for time limit.\n\nIf you don't purchase another house, then yes.
121716
You will pay capital gains tax on the gain.\n\nYou first calculate how much you will sell it for minus your tax basis. The tax basis is what you bought it for minus how much you have depriciated it over the years. So if you bought it for $100k and depretiated $15000 over some number of years, then your basis is $85k. If you sell it for $150k then you pay capital gains on the difference of $65k.\n\nYou tax braket determines how much you will ultimately pay. You will have to ask a CPA for how to minimize them. You might be able to do an installment sale to save a little money. That way you only pay what you get each year, you can split it into 2 years if you sell some in december and the rest in jan, or do it over several years. This will possibly keep you in a lower bracket each year.
769801
Sure you can... talk to a discount broker. You can also throw your money into your trash can for faster results.
728481
I'm no tax attorney, but you should be able to.  My mother-in-law owns rental property - she just did some work to it and plans on writing it all off this year.
1152490
Insted of keeping money in Capital gain bonds or in some other tax savings bonds,   Buy some property (A house or a flat).  That will give you better return and on the other you can save capital gains.  Consult your C.A.
482743
No, if it is your principal residence, and you sell within 2 years.  However, if this is an investment property, and you are using that money to buy another investment property.  The transaction could be set up as Sec. 1031 exchange, which will result in a tax deferral.
1168129
Although C Brent is essentially correct about 1031 exchanges... I don't think that he answers your question.\n\nA 1031 exchange is a tax deferred exchange.  This means that when you remove your invested capital from real estate... it will be taxed at your capital gains rate (state, fed & recaptured depreciation).\n\nHere is a link to the capital gains calculator on my site:\nhttp://www.1031store.com/resources/1031_capital_gains_calculator.php\n\nIf on the short term side, you decide to take a little cash out (or portion) of your 1031 exchange proceeds, you will be taxed at your capital gains rate on the portion that you decide to not opt into the exchange.  This is called Boot. (like putting cash in your boot).\nHere is a link to the dictionary on my site:\nhttp://www.1031store.com/resources/dictionary.php\n\nWhen speaking about real estate capital gains,  there are some very good long term effects:\n1. (has to be mentioned) you will be realize compounded growth on your deferred capital gain tax.\n\n2. One of the most over looked advantages, is to move capital from a state where the capital gains tax rate is to another state where the capital gains rate is lower.\n\nLT capital gains rates range from 0% - 12% in different states.  A good example is for an owner who sells property in california (believe 9.3% rate) and buys through a 1031 exchange in TX (0% rate).\n\nThis is where it gets interesting.  Even if you sell the TX property after a year, and realize your gain... you do not owe Cali state tax.  That is tax money saved.\n\nSo in the long run... there can be some real advantages.\n\nI'm going to release this site next week.  You'll be able to contact with experts nationwide and find NNN property to purchase.  Feel free to check it out.  By July 1st, you should be able to contact with some experts too.\nhttp://www.1031store.com
1001264
If you held them for over a year, the tax rate is 15% (10% if your in the lower tax brackets)  If you held them for less than a year, the gains will be taxed at your effective tax rate.  If you have a loss, you can deduct up to 3000 per year and carry over the remaining losses to offset future gains.
669404
try\ninvestmentweekly,\nyahoo finance also has good info
561940
Since the budget of 2005, there are no taxes on LONG term capital gains. Long term is defined as 1 year or more. So, no capital gains tax if you invested more than a year back.
17861
Yes.  you will have to pay taxes on capital gains.  For more information on investment clubs, please visit: \n\nhttp://www.investmentclubhelp.com/
283471
Maybe this link will help?\n\nhttp://www.taxsalelists.com/?gclid=CMGPqrbJ8IMCFS2SLAodcCxQIg\n\nWas there a real estate agency involved?  They should be able to help you.
740716
No, none.\nYou can hold the property for one year and pay capital gain rate.\n15% I believe.\nStill- if you turn too many over the IRS can come in and reclassify you as a dealer and you're owe retroactively.\n\n         The real tax bennies are in landlording.
444746
I believe the government is allowed to access information from the landlord, and the person's bank account in this instance. There are no legal ways to evade tax. If you invest the money, you may be able to minimise your tax, but as I am from Australia and our tax laws are different to yours, I can't say for certain. \n\nThe American tax laws take up 1.2 million pages, so I'm sure they have covered everything.
341493
I would contact a tax professional.\n\nYou might have to pay capital gains tax if it is not your primary residence, but I DO NOT KNOW. I would contact a tax professional.