Posted by NBAllen on March 06, 2008 at 12:35:42 from (198.246.171.200):
In Reply to: Re: What's it worth?? posted by Hotflashjr on March 06, 2008 at 12:03:13:
Definitely agree on getting YOUR appraisal - you want the appraiser "working for you". Of course, depending on how bad they want it, you can ask an appropriate price :-)
Hotflash, correct me if I am wrong, but the way I read the capital gains section:
a) if the property in question is held longer than 12 months, it is a "long-term capital gain" - therefore subject to 15% tax on the profit., not the "prevailing rate" of regular income.
b) If the property in question is a primary residence, the gain may be tax free. It is definitely treated differently from capital gains.
Caveat - I am not an accountant and do not pretend expertise in finance, taxes, or tax accounting; but I do figure my own taxes.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
... [Read Article]
Latest Ad:
1 SD Gibson, 1 D Model needs rear end assembled and installed, 1 D Model needs minor repairs, extra parts
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
