Buy or Sell Real Estate After the 1997 Tax Act : A Guide for Homeowners and Investors

by Robert Irwin

Book Description:

Here are countless ways to profit from the new 1997 Tax Act when buying or selling residential or commercial real estate. Some of the most significant changes in this bill affect real estate, including a complicated capital gains reduction on investment property, a new $500,000 exclusion on the sale of a personal residence, and other reforms. This book includes tips and information on how new exclusions can save you money when selling your home, the impact of the bill on rental property sales, how to determine your taxes under the new rules, and more.


Showing how to profit from the New Taxpayer Relief Act of 1997, when buying or selling residential or commercial real estate, this book explains how new exclusions can say readers money when they sell their homes; the impact on rental property sales; how to determine their taxes under the new rules; and pay capital gains versus a tax-free exchange. friendly with checklists and discussions to accompany the scores of sample documents and authentic exhibits. Supplemented annually. extensive mix of information, more than other guides available to readers. Included in The American Express Tax Guide 2000 are a quick-prep guide, state tax information, the latest IRS tax forms, audit triggers, icons, twenty-five ideas for small business owners, expanded coverage for the self-employed, alerts of life transition issues, fifty overlooked deductions, illustrations of tax return keyed to chapters, and a look ahead to 2000.