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selling property

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    How to Sell a Farm Property in 2020

How to Sell a Farm Property in 2020

By Ilyce Glink| 2020-10-02T12:13:17-05:00 October 2nd, 2020|

How to sell a farm property in 2020. This reader had it listed with two different agents and doesn’t feel like they made an effort to make the sale. Q: I own a large farm that I have been trying to sell. I have had cattle, we do hay and have a hunting lease. But [...]

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    How Much Tax Do You Pay When You Sell a Rental Property?

How Much Tax Do You Pay When You Sell a Rental Property?

By Ilyce Glink| 2020-02-07T08:40:48-06:00 February 7th, 2020|

How much tax do you pay when you sell a rental property? How home valuation and depreciation factor into taxes when selling investment property. Q: My father in law is selling a duplex he rented out for about 10 years. The sale price is going to be around $300,000. His accountant says that he should [...]

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    Making the Most Out of the Sale of an Underwater Investment Property

Making the Most Out of the Sale of an Underwater Investment Property

By Ilyce Glink| 2019-02-11T14:52:44-06:00 December 6th, 2018|

Making the most out of the sale of an underwater investment property can be difficult, especially in a competitive housing market. Here’s how to get started. Q: I bought a home as an investment for $450,000 with several partners back in 2006. We intended to buy it, knock it down and redevelop the property. That [...]

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    How Long do you Need to Keep a Property Purchased with a 1031 Exchange?

How Long do you Need to Keep a Property Purchased with a 1031 Exchange?

By Ilyce Glink| 2018-11-02T15:30:07-05:00 November 2nd, 2018|

How long do you need to keep a property purchased with a 1031 exchange? Timing is everything when navigating this type of sale. Q: Several years ago you gave me valuable information on a 1031 exchange. Now I need information on how long I have to keep the properties I purchased with my 1031 exchange [...]

  • how do I avoid capital gains tax when selling investment property
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    Avoiding Capital Gains Tax When Selling Investment Property

Avoiding Capital Gains Tax When Selling Investment Property

By Ilyce Glink| 2018-06-20T11:28:06-05:00 July 14th, 2017|

Navigating capital gains tax on the sale of an investment property can be complicated. Consult a tax professional to fully understand your options and their consequences. Q: We bought a rental property (it’s a condo) in 2005 for $80,000. We rented it out until 2016. Our daughter moved into this condo last year after she [...]

  • sell property with multiple owners real estate
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    How To Sell Property With Multiple Owners

How To Sell Property With Multiple Owners

By Ilyce Glink| 2017-03-24T15:09:15-05:00 March 13th, 2009|

As you get older, in order to protect your property, you may want to transfer property titles to your children's names. When you transfer title to property before you die you may see your children fight about the property and whether to sell it. If your children feel one of their siblings is getting a free ride or cheating, the property situation could get ugly. To sell the property your children may have to involve a real estate attorney who can help with a partition lawsuit or enable swapping property.

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