A Tax Tutorial for the Real Estate Investor

From: The Washington Post | Date: February 2, 2008| Author: Benny L Kass | Copyright information

Last in a series of columns

"The only difference between death and taxes is that death doesn't get worse every time Congress meets."

-- Will Rogers

In this series of tax articles, I have discussed tax benefits for owners of residential properties. Now we turn to the benefits available to real estate investors.

Generally, if you sell investment property, you will have to pay capital gains tax on the profit. For 2007, the top long-term capital gains tax rate was 15 ...

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