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capital gains |
Also found in: Financial, Wikipedia, Hutchinson | 0.02 sec. |
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| The federal government's Budget 2006 proposals to eliminate capital gains tax on donations of publicly-traded securities to public charities, has been welcomed whole heartily by the charitable sector. 643(b)-1 explains that it will respect state statutes that provide for a reasonable apportionment between the income and remainder beneficiaries of a trust's total return for the year, including ordinary and tax-exempt income, capital gains and appreciation. That's why the Section 1031 exchange, a method of protecting capital gains on real estate from unnecessary tax liability that was made popular by California property owners, is increasingly in favor here in New York as property values continue soaring. |
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