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Actual Property To See More Ache
Frank Spowers edited this page 1 month ago
If you happen to bought your actual property asset via a section 1031 tax-deferred trade, you were allowed to defer capital gains taxes due to the change of your property for a like-type or comparable real estate property (e.g., an office building for a shopping mall). Moreover, Estates valued between $2,062,500 and $5,340,000 will only be subjected to New York State's Estate taxes, which vary from 5.6% to sixteen%, and might be exempt from federal Property taxes.
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