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 First Circuit Court of Appeals affirmed a defendant's convictions for Social Security benefits and passport fraud and ruled that the district court had not abused its discretion in calculating a $175,757 restitution award in favor of the Social Security...
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