Simple, plain language tax tips for small business owners, entrepreneurs and individuals. Transform your tax return from something scary to something easily understood. Pick up business organization and bookkeeping tips as well.
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Simple, plain language tax tips for small business owners, entrepreneurs and individuals. Transform your tax return from something scary to something easily understood. Pick up business organization and bookkeeping tips as well.
Episode 36: Beware of these tax consequences when selling or exchanging property related parties!
Accounting Tips for Entrepreneurs
13 minutes 58 seconds
6 years ago
Episode 36: Beware of these tax consequences when selling or exchanging property related parties!
When individuals sell or exchange property they often enjoy certain tax benefits. Some of these benefits are long term capital gain treatment, installment sale reporting and the ability to report losses. These rules are generally nonexistent when selling to related parties. Please don’t fall into these traps.
Accounting Tips for Entrepreneurs
Simple, plain language tax tips for small business owners, entrepreneurs and individuals. Transform your tax return from something scary to something easily understood. Pick up business organization and bookkeeping tips as well.
