Broker Detective Blog

September 7, 2010

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How do Capital Gain Taxes work on a commerical building ? See my example?

Filed under: Uncategorized — admin @ 7:07 am
Chris R asked:


I bought a commerical building in 2000 for 80K. Selling now for 380K. What will own in capital gain durring tax time ?

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September 6, 2010

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What is the IRS Wash Sale Rule with “replacement” shares in IRA – how is loss recovered?

Filed under: Uncategorized — admin @ 11:25 am
Dovetonsils asked:


If you have a wash rule sale, the capital loss cannot be claimed as part of the wash sale transaction, but the loss can be added to the basis when the replacement shares are sold, so the loss is actually deferred. However, IRA transactions are not taxable events, so if the replacement shares were bought in an IRA, how is your capital loss recovered?

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