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What are the capital gains tax advantages to selling a primary residence held by a living trust if it is sold while the Trustee is still living?
Wiki User
∙ 15y ago
The question is ambiguous, but generally, there is no particular advantage to capital gains for a trust v. an individual. It's still the same rate.
Wiki User
∙ 15y ago
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What primary advantages does globalization offer the people of developing countries?
It can raise the standard of living by bringing in capital and increasing employment.
What are the primary sources of the competitive advantages firms use to compete in international market?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What are the primary sources of the competitive advantages firms use to compete in international markets?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What are the advantages and disadvantages of primary sector?
The advantages of the primary sector is that it provides direct employment opportunities to people in a given economy.
What primary advantages does globalization offer the people of developed nations?
Access to new markets and inexpensive labor. <----- correct novanet answer.
Does the buyer have to pay capital gains on the seller's concession if the property in question is for investment and not primary residence?
No!
What are some phrases with the word primary in them?
primary colors primary election primary source of income primary residence or primary place of residence primary function primary caregiver
Can you use your condo your primary residence for a equity line of credit?
If you live there, of course. If you do not live there, then it is not you 'primary residence'.
Do property taxes go up on your primary residence if you buy a 2nd home?
They are independent properties and there should be no effect on taxes on the primary residence as long as it continues to meet the requirements for a primary residence.
Can a house with a second home mortgage become a primary residence?
Yes. The designation as primary residence is irrelevant to the number of mortgages.
What primary advantages of globalization offer the people of developing countries?
It can raise the standard of living by bringing in capital and increasing employment.
What primary advantages does globalization offer the people of developing countries?
It can raise the standard of living by bringing in capital and increasing employment.
When an investment made money what difference does it make how the money was earned?
Probably the biggest difference is the tax consequences. Different investments get taxes at different rates. Consider you can have a capital gain on the sale of your primary residence of up to $500,000 and NO tax liability for a husband and wife as long as it was their primary residence for 2 of the last 5 years.
Advantages and disadvantages of primary cells?
what are the advantages and disadvantages primary cells?
DeDee|Can I belong to the Arizona Registered Agents if my primary residence is in Anchorage AK?
no, in order to belong to the arizona registered agents your primary residence must be in arizona.
Do you have to pay capital gains taxes when you sell a house?
If you had the home as your primary residence within the past 2 years, you will not have the pay the taxes. This is as long as you did not gain more than $250,000 from the sale.Ê
Do i qualify for the tax credit if i bought my house as 2nd home but actually live in it?
The key here is this. Is the second purchase your PRIMARY residence? If you live in the home 24/7...not a vacation home...you use this address for your mail and primary residence, then it IS your primary residence. That fulfills the obligation in the rules for the tax credit.
