Capital Gains Tax

President Biden’s FY 2024 budget—released today—proposes several tax changes aimed at wealthier taxpayers.

Many old comic book titles in good condition can sell for tens if not hundreds of thousands of dollars. But Uncle Sam will want a share.

All types of commercial properties can be considered “like-kind,” including apartment buildings, vacant land, farmland, office buildings and warehouses among other properties.

Rubio’s proposed tax plan includes a dramatic change in the way capital gains are treated. With this little-noticed proposal, holders of capital assets – including securities, real estate and small business interests – would calculate their potential ...