News & Articles

Capital vs. Ordinary: Classifying Income and Losses Affects Your Taxes

Posted on Thu, May 18, 2017

Most of the time, how to classify gains and losses from selling an asset is fairly straightforward. But there are some gray areas that require a closer look at the facts and circumstances, especially when real estate is involved, as a couple of recent cases demonstrate.

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Tags: Real Property Tax, Income, Capital Gains, Ordinary Gains