In Sept 1999 I sold a piece of property. I did a 1031 exchange for a new piece of property that cost 299000.00. My basis in that exchange was 29000.00. In April 2006 I sold that piece of property. After closing costs and realtor costs the net profit was $512,000.00. Improvement costs, repair...

Question... McCoy Inc has equity with a market value of $40 million and debt with a market value of $20 million. The cost of debt is 6% semi-annually. Treasury bills that mature in one year yield 5% per annum, and the expected return on the market portfolio over the next year is 15%. The beta...

Hi, I would like to know how to calculate the capital gains taxes I will owe. I was recently bought out from a commercial property I was part owner of (50%). My father purchased the land in 1989 for $361,000 and in 1994 he quit claimed it to me and my two sisters, so I owned 1/3 of the property....

Hello all, I am new to this forum and have a question about Capital gain tax I inherited a comercial property from my father in 1998. At the time of probate the property was valued at $150,000.00 I Have just accepted an offer to sell for $110,000.00 Do I owe Capital Gain Taxes?