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sale of rental property
What are my tax consequences if I sell a rental property? Where can I find additional information on this subject?
Have rental property purchased for 54,000 15 years ago and plan to sell it for current value of 85,000. What are the taxes going to be??
This seems to have information on the sale of a rental property (from the IRS website): http://www.irs.gov/publications/p527/ix01.html
The way I found it was to search for “sale of rental property” from site:irs.gove / that tells search engines like Yahoo or Google that you’re looking for something from a specific site. In this case, I thought a pointer to the IRS on a question of selling rental property / I don’t know if it’s commercial or residential, but I guessed you were looking for sale of a residential property.
If you’re looking for commercial property sales, you might try this IRS publication: http://www.irs.gov/faqs/faq11.html
Though that’s not a publication, it’s a ‘frequently asked questions page’, it might help. Best, thedude.
I think you need to ask a professional these questions. Good luck.
I must tell you that a Property Solicitor can help you better related to your property issue. I would like to tell you that for any kind of information on that behalf you can visit this website for precious information.
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