Browsing All posts tagged under »Capital gain«

Selling Real Estate Can Be Taxing!

June 16, 2011

0

When you sell a piece of real estate, Uncle Sam will be checking to see if he is entitled to a piece of the pie. So too will state government, and possibly city government as well! And you may owes taxes even if your property is underwater and is being foreclosed upon or being sold in a short-sale.