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Capital Gains Tax
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09-07-2007, 10:04 AM
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cSpooge
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Join Date: Jan 2006
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Quote:
Originally Posted by
Sylvanfan
I had heard with properties that they were asking people to report it as actual income which means the entire amount would be taxable.
you have to report the full amount but you are only taxed on 50% of it.
cSpooge
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