Normally, capital gains are recognized and taxable upon the sale of property. The Tax Code provides an exception to this rule for certain exchanges of property. If all requirements are met, any gain from the exchange is not taxed, and…
Home Office Tax Deductions (Reprint)
THE HOME OFFICE TAX DEDUCTION The Internal Revenue Service has issued new rules affecting the income tax deduction for the business use of a home. A “home” means a house, apartment, condominium, mobile home, or boat, including other structures on…