The capital gain allocated to investment property is still taxable (does not qualify for tax-free treatment under Section 121) and the capital gain allocated toward the primary residence is tax-free up to the $250K/$500K limits.

For owner-occupied homes – including up to five acres of surrounding land – the assessed (or taxable) value is 4% of fair market value, and no school district taxes may be added to the base millage rate.

Payment to you will have three components:1) return of the non taxable basis 2) capital gain 3) interest income.Your basis and the sale price will determine each of those components and your professional should for able to help you after you provide them with more detail. 

I’ll battle both sides for you:You’re taxable net profit is $6k, but your in the pocket net profit is $16k, almost 3 times as much. 

The biggest one is debt financing/refinance can cause a taxable transaction to occur.LLC or personal name.

Right now I have about 125k invested in vanguard with about 80k of that liquid (taxable mutual funds), and about 10k in a plain checking account. 

Really, in the first year you have a taxable event.

I can send my lead carpenters there to oversee a project and we can ship materials from MiamiPlanning to start by the end of the year assuming everything goes well.The best part is that there are no income taxes in St Kitts :) for individuals, only businesses pay taxes, but if you pay yourself high salary, business shows a very small profit that is taxable :)

I took this issue up to the Department of Education and lost.3) If/when your student loans are forgiven, it is taxable income to you.

If you are early in your career, you should consider a Roth, because then, while you're investing post-tax funds, investment gains are not taxable.