News
Sold shares and buying a house jointly? Can you still claim Section 54 F LTCG tax exemption?
16+ hour, 13+ min ago (151+ words) In respect of acquisition of a residential house in India in joint names, the respective joint holders will be eligible to claim the exemption in respect of the ratio in which the cost of the residential house property is met…...
The 180-Day Window That Lets You Erase Capital Gains Tax on Real Estate Forever
19+ hour, 41+ min ago (589+ words) Roll any capital gain into a Qualified Opportunity Fund within 180 days to defer taxes and erase federal capital gains after 10 years. Only realized capital gains qualify, with wages, IRA withdrawals, and retirement accounts all excluded, and the strategy demands a…...
Met Life poll finds high-value home sales are becoming tax-planning events
1+ day, 6+ hour ago (330+ words) For many clients, selling a highly appreciated home or investment property is no longer just a real estate transaction. It has become a tax-planning decision that can have lasting implications for retirement income and wealth preservation. "For many sellers, the…...
How Much of Your Capital Gain Can You Keep Tax-Free in 2026?
1+ day, 7+ hour ago (194+ words) understanding capital gains tax Canada 2026 is worth the time. The decisions you make before a sale almost always matter more than what you do after....
The 0% Crypto Tax Window Closes January 1, 2027.
3+ day, 5+ hour ago (146+ words) Jul 06, 2026, 11: 00 ET New 5 W Crypto Regulation Brief documents three jurisdictional shifts " Puerto Rico Act 38-2026, Singapore FSMA Part 9, and the UAE CMA'VARA federal framework " converging on a single conclusion for every crypto founder, family office, and advisor. MIAMI, July 6, 2026 /PRNewswire/ --5 W…...
He Inherited a Home Worth $450, 000. The Step-Up in Basis Saved Him From a Six-Figure Tax Hit
6+ day, 6+ hour ago (802+ words) Inherited property's cost basis resets to its fair market value on the date of death, wiping out all prior appreciation from the tax ledger. Only gains above the stepped-up basis are taxable, so a home worth $450, 000 at death and sold…...
A Widow Plans to Sell the Home She Shared for 30 Years. A Step-Up in Basis Could Erase Most of the Taxable Gain.
6+ day, 10+ hour ago (511+ words) A surviving spouse's cost basis resets to the home's fair market value on the date of death, often eliminating decades of taxable gain. Community property states like California and Texas step up the entire home's basis, while common-law states only…...
How To Save Capital Gains Tax On Sale Of House Property
1+ week, 4+ hour ago (206+ words) | File Pic 1. What is Capital Gain? 2. Ways to Save Capital Gains Tax The Income-tax law provides several exemptions for long-term capital gains. A. Purchase of another Residential House As per the current provisions, if the capital gains does not exceed two…...
Selling property or stocks? These 5 smart hacks can help you save capital gains tax
1+ week, 1+ day ago (196+ words) Capital gains tax often comes as an unpleasant surprise during tax filing. But with timely planning, there are perfectly legal ways to reduce your tax liability. "The Income Tax Act provides several exemptions and strategies that help taxpayers minimize their…...
Listed shares, intraday trading, unlisted shares, equity mutual funds and F&O: Tax rules explained
1+ week, 1+ day ago (410+ words) The tax treatment of equity investments depends on the type of investment, how long it is held, and whether the income is treated as capital gains or business income. Gains from delivery-based equity shares and equity mutual funds are classified…...