Calling tax experts

[Vaaampire]

@Spartan

My cousin is closing a home next week and will be selling his current home next month(profit ~1million). His new home downpayment is close to ~1m. I know we can take upto 500k profit tax free when selling primary home. Since he already bought another home, is there any additional tax benefit he can take.

 

Second question. I bought a investment property(which will be handed to me in oct) and planning to sell one investment property(200k ravochu profit). Any tax benefit i can take?

[Vaaampire]

Scheduled a call with cpa next week. Just want to prepare list of Q’s before the call

[Techsas]

5 minutes ago, Vaaampire said:

Scheduled a call with cpa next week. Just want to prepare list of Q’s before the call

[appaji_pesarattu]

Millions, Lakhs lo ne unnayi aksharalu anni... edo samsara paksham ga vandalu, velu aithe maa lanti vallaki kuda happies ani @Raja_Returns thatha cheptunadu

[HEROO]

37 minutes ago, Vaaampire said:

@Spartan

My cousin is closing a home next week and will be selling his current home next month(profit ~1million). His new home downpayment is close to ~1m. I know we can take upto 500k profit tax free when selling primary home. Since he already bought another home, is there any additional tax benefit he can take.

 

Second question. I bought a investment property(which will be handed to me in oct) and planning to sell one investment property(200k ravochu profit). Any tax benefit i can take?

 

37 minutes ago, Vaaampire said:

Scheduled a call with cpa next week. Just want to prepare list of Q’s before the call

@Sonu_Patel

[Spartan]

better to consult cpa @Vaaampire i no experience with this

[Vaaampire]

3 minutes ago, Spartan said:

better to consult cpa @Vaaampire i no experience with this

Next week undi cpa tho call. Thanks

[Kootami]

2 hours ago, Vaaampire said:

@Spartan

My cousin is closing a home next week and will be selling his current home next month(profit ~1million). His new home downpayment is close to ~1m. I know we can take upto 500k profit tax free when selling primary home. Since he already bought another home, is there any additional tax benefit he can take.

 

Second question. I bought a investment property(which will be handed to me in oct) and planning to sell one investment property(200k ravochu profit). Any tax benefit i can take?

Primaru home Real estate meda vachina profit malli real estate lo reinvest chestey no tax . 1030 exchange antar anukunta denni. 

 

Second daniki llc unda ?