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Q: Capital Gains Tax ( No Answer,   4 Comments )
Subject: Capital Gains Tax
Category: Business and Money
Asked by: caddie1234-ga
List Price: $15.00
Posted: 21 Oct 2006 04:09 PDT
Expires: 20 Nov 2006 03:09 PST
Question ID: 775547
Can capital gains tax be rolled over
There is no answer at this time.

Subject: Re: Capital Gains Tax
From: myoarin-ga on 21 Oct 2006 04:14 PDT
Can you explain what you mean?  Are you asking about the possibility
of offsetting capital gains and losses from different years?
Subject: Re: Capital Gains Tax
From: dasaini408-ga on 21 Oct 2006 08:52 PDT
If you are talking about real estate, then yes. A 1031 exchange will
transfer any equity into new piece of real estate (of a similar type)
tax free. The only time you will pay tax is if you don't tranfer all
of the equity (and keep some) or when you sell the second property in
the future.
Subject: Re: Capital Gains Tax
From: murunbuchstansinger-ga on 21 Oct 2006 12:48 PDT
This depends on:

- which country you are in

- the circumstances of the gain

- what you are buying (if anything) with the proceeds
Subject: Re: Capital Gains Tax
From: finsihed-ga on 25 Oct 2006 08:13 PDT
A capital loss can be rolled over for tax purposes to offset a future
gain i think.. but of course it depends on country/item/etc

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