Legal Question in Tax Law in Virginia

I have 2 properties, one of them with capital gain and the other with capital loss. My question is:

a) Do I have to sell them in the same year to minimize capital gain tax?

b) what is the best way to reduce capital gain tax?


Asked on 7/30/17, 4:40 pm

1 Answer from Attorneys

Robert Beatson, II Law Offices of Robert Beatson, II

Dear Sir/Madam,

A careful review and analysis of facts is necessary here. A consultation with an experienced tax attorney and accountant would be useful. 28+ years experience and further information is at www.beatsonlaw.com

Sincerely,

Bob Beatson, 8-6-2017, 11:45 p.m. EST

---

Law Offices of Robert Beatson II

9818 Glynshire Way

Potomac, MD 20854

Tel/Fax 301-340-2951

email: [email protected]

website: www.beatsonlaw.com

Practice areas: Tax, business law, computer/high tech/biotech law, intellectual property, trusts/estates/wills, real estate, civil litigation, mediation.

Licensed to practice law in: DC, MD, VA, and NY

ABA Member since 1980

Read more
Answered on 8/06/17, 8:47 pm


Related Questions & Answers

More Tax and Taxation Law questions and answers in Virginia