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1. I have a residential rental property owned by a partnership. Building cost $275000, renorvation 150000. We have refinance for 500,000. took 90000 to ourself for personal use. Now we have a buyer for 625000. We owne the propery for less then 2 years. What will capital gain be?
2. With the proceed one partner looking to by a personal resident. is there any loophole I can use to avoid paying Shorterm capital gain.
Submitted: 1339 days and 14 hours ago.
Category: Finance
Value: $10
Status: AWAITING EXPERT REPLY
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new York, New York
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