

Mayra
Member-
Did you know that land held for investment is treated as a capital asset for tax purposes?
When sold, the gain or loss falls under capital gains taxation:
👉 Short-term gains (held ≤1 year) are taxed at ordinary income rates.
👉 Long-term gains (held >1 year) enjoy reduced tax rates (0%, 15%, or 20%, depending on income).The land’s basis includes…
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Find the full answer in the TaxGPT Answer Library!
https://hubs.la/Q036bHfm0
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Home Business? Claim Those Deductions Like a Boss! 🏡💼💰
Working from home? The IRS might just owe you some money! Here’s how to keep more of your hard-earned cash:
💡 Home Office Deduction – That cozy corner where you hustle? It could be a tax break! (As long as it’s used exclusively for business.)
📶 Internet & Phone Bills – If you’re using Wi-Fi… -
All Republic Bank banking centers and our Contact Center will be closed in observance of Presidents Day on Monday, February 17. We will reopen on Tuesday, February 18.
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