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Van Elkins and Associates

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Minimize capital gains tax

Thursday, March 31st, 2011

When you sell an asset for more than your investment in it, the IRS says you must pay tax on the difference, called capital gain. For some years, the tax rate on such gains has been lower than regular rates if the asset is held for a long term (currently, more than one year). Hence […]

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Tags: business consulting, capital gains/losses, income, IRS, tax, tax planning, tax tips



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800 S. Gay Street, Suite 1919 Knoxville, TN 37929

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