Yes. She needs to report the capital gain on the sale. However, she can exclude the first $250,000 of the gain, so the sale and reporting may or may not result in any taxes.
Yes. She needs to report the capital gain on the sale. However, she can exclude the first $250,000 of the gain, so the sale and reporting may or may not result in any taxes.
The Kansas Supreme Court affirmed a court of appeal's ruling that a beneficiary who had accepted a trust distribution pursuant to a district court's order had acquiesced to the judgment and could not take an inconsistent position on appeal but...
Read MoreThe Second Circuit Court of Appeals affirmed a district court's order granting summary judgment in favor of the government, finding that the government's Medicare drug price regulation program did not violate a pharmaceutical company's constitutional rights where the company's participation...
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