How much is capital gains tax on 2nd property?

If you owned your second home for more than a year, any capital gain will be taxed according to the long-term capital gains tax rates, which are 0%, 15%, or 20%, depending on your income. In all cases, the long-term capital gains rates are lower than the corresponding marginal tax rates on ordinary income. How …

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Can a felon get a real estate license in Kansas?

In order to become a Kansas real estate agent, you must first be 18 years or older. … The Kansas Real Estate Commission has specific background requirements. You are not allowed to have been convicted of certain felonies in a specific time frame. How much does the real estate exam cost in Kansas? The Kansas …

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Who administers the Virginia Real Estate Transaction Recovery Fund?

The fund is overseen by the Director of the DPOR, or Department of Professional and Occupational Regulation. Each new licensee must pay $20 into the Virginia Real Estate Transaction Recovery Fund. Who administers the recovery fund? The California Department of Real Estate administers a victim’s fund known as the Real Estate Consumer Recovery Account Fund …

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Can you buy a house straight up cash?

Can you buy a house with cash? You absolutely can buy a house with cash, providing you have the funds upfront to hand over to the seller. But like anything, it comes with its own advantages and disadvantages. Can you buy a house with just cash? Buying a house “with cash” can benefit both the …

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Do you pay stamp duty when you sell a house?

The short answer is: no, the buyer of a property pays stamp duty, not the seller. So you’ll only pay stamp duty when you purchase your next home, not when you sell the one you currently own. Do you pay stamp duty on a house you sell? Simon Lambert, This is Money, mortgages and homes …

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