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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?

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Answer #1

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??

Answer #2

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.

Answer #3

I think you need to ask a professional these questions. Good luck.

Answer #4

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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