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Registered Abuser
Join Date: Jul 2007
Location: Southwest Montana
Posts: 2,738
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Depends on how long you held the property if your intent was to sell for a profit short term. Ordinary income
Accountants call it seasoning consideration.
Less than two years =ordinary income.
More than two years= Cap Gains
Your CPA Knows Best !
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MT 930
1987 930 - Gone but not forgotten
A man with priorities so far out of whack doesn't deserve such a fine automobile.
I would rather wake up in the middle of nowhere than in any city on earth - Steve McQueen
американский
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